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Coffee Shop For Sale / To Let, Lancaster House, Pegs Lane, Hertford, SG13 8EG

2,400 Sq Ft / Retail / General Retail

For Sale - £850,000.00

To Let - £50,000.00

Available - Last updated: 15 July 2024

A self-contained cafe unit fitted to shell condition within this new development scheme of 14 luxury apartments. The cafe has a 3-phase power supply with extensive glazing to the road frontage together with a terrace for customers. The two-bedroom apartment is on the first floor with a high specification finish throughout and a balcony.
( Agency Pilot Software ref: 102385 )

Location

Lancaster House is situated in a very prominent position on Pegs Lane which is a busy vehicular route. Hertfordshire County Councils' offices are located in close proximity as well as a number of other office buildings with the remainder being residential. The retail and leisure facilities of Hertford Town Centre are within a short walk as well as Hertford mainline station which provides a fast and frequent service to London (Liverpool Street).

Accommodation

Approx. 2,040 Sq Ft (189.5 Sq M) Cafe & 836 Sq Ft (77.67 Sq M) Flat

Terms

Rent The café and flat are available to let on a new full repairing and insuring lease at £50,000 per annum exclusive.

Sale The long leasehold interest (999 years) in the cafe and flat are available at a price of £850,000. 

Business Rates The business rates will need to be assessed once the development has completed.

VAT All prices quoted are subject to VAT in addition

Energy Performance Rating Awaited following completion of the development.

Service Charge There is a contribution towards the common part and external repair and maintenance which is currently budgeted at £2,405 per annum.

Specification

  • Ground floor commercial unit with café use and a two­bedroom flat within newly completed development.
  • Commercial unit provided to shell condition with outdoor terrace.
  • Prominent position on Pegs Lane with high vehicular traffic flow
  • Within 1/2 mile of Hertford Town Centre Available from Summer 2023

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £850,000.00 NA
  To Let £50,000.00 NA

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Contact agents

Georgia Strazza

Aitchison Raffety

01727 400346



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