A prime town centre retail and office investment opportunity
Location
27-29 Fore Street holds a prominent town centre position opposite the Nationwide Building Society, Sheffield Pharmacy and The Practitioner Public House (formerly Baroosh) in the middle of this historic town. Other trades within close proximity include M&S Food, Lussmanns and the Carter & George Physiotherapy Practice.
The town is served by numerous public car parks including those of Gascoyne Way multi storey, St Andrew Street and London Road. The Tesco and Sainsbury car parks are controlled to the benefit of town centre visitors.
Hertford is a strong county town just off the A10 at its junction with the A414. There are two rail stations serving London Liverpool Street and London Kings Cross.
Accommodation
An attractive mixed use investment building comprising a pair of ground floor retail units behind pretty multi glazed shop fronts together with a separate self contained suite of first and second floor offices spread across 10 rooms with a private ground floor high street entrance point.
Shop at 27 Fore Street - 913 sq ft
Basement - 590 sq ft
Shop at 29 Fore Street - 375 sq ft
Basement - Uninspected
First floor offices - 700 sq ft
Second floor offices - 734 sq ft
Total - 3,312 sq ft
All floor areas and dimensions are approximate.
Terms
The shop with basement at 27 Fore Street trading as Messages Home & Giftware is let for 16 years to expire 24 March 2028 at the current passing rent of £27,800 per annum exclusive. The March 2024 rent review has not been implemented.
The shop with basement at 29 Fore Street is trading as Jane Maples Flowers. The tenants are holding over on a 5 year lease from 14 March 2013 at the current rent of £11,000 per annum exclusive.
The offices at first and second floor are let to WBOC Limited who operate a multi let business centre on a 10 year Act excluded term to expire 2 February 2031 at the current passing rent of £16,000 per annum exclusive. There is a single rent review due 3 February 2026 to RPI. This is an Act excluded lease.
Total current rents receivable - £54,800 pax