The property provides retail sales area on the ground floor with office, storage and loading facilities at the rear.
The first-floor accommodation provides storage space together with a kitchen and WC facilities.
( Agency Pilot Software ref: 12945 )
Location
Hitchin is an historic market town and located 3 miles to the west of Junction 8 of the A1(M) with the M25 being some 15 minutes south of that junction. Churchgate Shopping Centre is located just off the busy Market Square and conveniently located by the market and numerous car parks. The subject property is situated at the end of Churchgate occupying a corner position at the junction of Churchgate and Biggin Lane.
Accommodation
7,500 SQ FT (696.75 SQ M)
Terms
Tenure The property is available on a new lease for a term to be agreed. A new lease will have a 6-month Landlord’s rolling redevelopment break clause, which can be served at any time.
Rental £67,500 per annum, exclusive.
Rates We understand from the Valuation Office Agency website (www.voa.gov.uk) that the rateable value is £42,500. The UBR for 2023/24 is 51.2p 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.
Service Charge There is a service charge payable on the property. Further details upon request.
Energy Performance Certificate (EPC) The Asset Rating is D-84 expiring on 29/06/2033. A copy is available upon request.