Malthouse Court, 1 Bridge Street, Hitchin, SG5 2DJ

• Attractive investment
•  Popular Hertfordshire Town
• Lock up shop unit

Location

Hitchin is an attractive Hertfordshire market town on the fast A505 dual carriageway approximately 5 miles west of Stevenage (Junction 8) and 10 miles east of Luton (Junction 10/11). It has an individual character with an attractive town centre. London Luton Airport is particularly convenient and this is with the fast-electrified service to London Kings Cross (approx. 35 mins). The property is located within the main commercial area located to the south side of the town and forms part of an area of high quality modern development.

Accommodation

The property is a ground floor only lock up unit in first class condition.  It has a large shop front with return / doors to small garden area.  The property has air conditioning.

Terms

The premises are offered for sale subject to the existing tenancy inviting interest at £215,000.

Specification

The shop premises has a recently renewed lease for a term of 6 years to May 2028 at a total rent of £14,400 plus VAT per annum exclusive on an FRI lease.

The ground rent payable is £250 per annum based on a lease of 125 years from 2009.  The present service charge is £1105.00 per annum.