The properties comprise self-contained ground floor retail units with WC facility and access to the rear for loading. The properties will be refurbished to white box specification.
( Agency Pilot Software ref: 16843 )
Location
Hitchin is a busy north Hertfordshire market town with a population of 35,224, as at the 2021 Census. The town is approximately 36 miles north of central London and lies on the A505, approximately 3 miles to the west of Junction 8 of the A1(M) and within 25 minutes’ drive of the M25, thus providing fast and easy access to central London and the national motorway link. The M1 (Junction 10) at Luton is approximately 20 minutes driving time away
Accommodation
576 SQ FT /618 SQ FT (53.51 SQ M/57.41 SQ M)
Terms
Tenure Our clients are able to offer a new full repairing and insuring lease for a term to be agreed, subject to service charge for external repairs and maintenance.
Rental Unit 80 - £27,500 per annum, exclusive. Unit 81 – £27,500 per annum, exclusive.
Price £400,000 for each unit leasehold. Each property is held on a new long lease for 999 years at a peppercorn ground rent.
Rates We understand from the Valuation Office Agency website (www.voa.gov.uk) that the rateable value are Unit 80 £16,250 and Unit 81 £13,750. The UBR for 2025/26 is 55.5p in the £.
Rates payable may be subject to transitional arrangements and/or small business relief, which should be verified with the Charging Authority. Assessments may be subject to appeal.
Energy Performance Certificate (EPC) A copy of the respective EPCs are available upon request.
VAT Unless otherwise stated, all prices and rents quoted are exclusive of Value Added Tax. Any intending lessees or purchasers must satisfy themselves as to the incidence of VAT in respect of any transaction.