Rarely available Investment in Hitchin Town Centre, with close proximity to Hitchin Train Station. The property comprises of mainly yard area (9,800 sq ft) with two detached warehouses totalling 2,140 sq ft. The property has been let on a new 5 year FRI lease at an annual rental of £XXX per annum.
( Agency Pilot Software ref: 102416 )
Location
Located in a small industrial estate next to Hitchin mainline railway station. Offering good access to both the A1 M and M1.
Accommodation
Approx. 11,840 Sq Ft (1,099.94 Sq M)
Terms
Price £XXX Offers in the region of Business Rates From verbal enquiries, we understand the new rateable value from April 1st 2023 is £XXX with rates payable in the order of £XXX per annum.
VAT The Property is not elected for VAT and therefore is not payable on the sale price
Energy Performance Rating D 77
Service Charge The freehold option comes the obligation to contribute towards the annual rental of the estate road over which rights are granted from Network Rail for 99 years from 1999. The contribution is calculated at 15% of the total rent and currently equates to £XXX per annum which needs to be taken into consideration.
Legal Costs Each party is to be responsible for their own legal costs.
Specification
- New 5 year lease from November 2022
- Town Centre Location
- Yard and two units available