( Agency Pilot Software Ref: 37752 )
( Agency Pilot Software Ref: 37751 )
The attractive market town of Hitchin is located in North Hertfordshire close to Letchworth and approximately 4 miles west of Stevenage to which it is linked by the A405 dual carriageway via the A1 at Junction 9. This also links to the M1 at Luton. It is an attractive market town with a fast electrified train service to London Kings Cross (36 minutes)
HITCHIN
The property is located within the main commercial area accessed off Cadwell Lane.
The estate comprises 6 units which are all owned on an individual basis.
DESCRIPTION
A single storey warehouse industrial building forming part of an estate of larger units.
The accommodation comprises fully fitted offices with workshop area.
The offices are brick built, with a central two storey reception area. Most of the windows in the front have been replaced by double glazed PVC units. They provide open plan areas which at ground floor level have been partitioned into a number of individual rooms and a stores area.
The single storey workshop area is constructed with brick walls under a pitched roof. Good natural lighting is provided by continuous translucent panels on both slopes. There are vertical roller shutter doors providing loading access at either end. The eaves height is about 4.12m (13ft 8 ins).
In addition an exceptional feature is a large surfaced parking area to the rear measuring approximately 5,650 Sq Ft.
APPROX. GROSS INTERNAL FLOOR AREAS
Offices:
Ground floor 1,841 Sq Ft
First floor 1,917 Sq Ft
Workshop: 4,001 Sq Ft
Total 7,759 Sq Ft
LEASE TERMS
The workshop is held on a lease expiring 3 March 2026 to a market leader at a rent of £30,000 per annum with an open market rent review and mutual lease break in March 2021.
It is held on full repairing and insuring terms limited by reference to a schedule of condition.
The permitted use is B1(c), B2 or B8.
The tenant is responsible for the payment of business rates and utilities and reimburses the landlord’s costs of insurance and estate service charges.
The offices are let on a rolling 3 month licence arrangement to a local building company at a rent of £16,600 per annum inclusive of utilities but not rates.
A deposit of £1,800 is held as security.
Copy documentation is available on request.
TERMS
The long leasehold interest (999 years from May 2002) is available for sale. Fixed annual ground rent £100 per annum.
Price £795,000 plus VAT.
AVAILABILITY
Immediate.
ENERGY PERFORMANCE CERTIFICATE
Category D (93)
INSPECTION
For further information please contact Davies & Co on 01707 274237.
NOTE
The particulars contained within this brochure are believed to be correct but their accuracy cannot be guaranteed and they are therefore expressly excluded from any contract.
(From Caldes Software. Property Ref: N9485. May 12 2018 11:07PM)
A fully self-contained detached unit constructed of a steel frame with 2 bays with substantial full height cavity brickwork.
The property is approached from the rear with a car park and loading area and has an additional yard area behind which could be gated and made secure. The eaves height is approximately 5m and the clear height underneath the roof structure 4.25m.
There are fully fitted two-storey offices to the front currently used as a showroom area on the ground floor.
The present occupiers have installed a mezzanine storage floor at the rear on one of the bays and to the side of the offices providing useful additional space.
There are two full size loading doors to the rear.
The property is well fitted out and finished to a very high standard including a new sheet clad roofing system, LED lighting, Ambirad heating, filtered ducted air system in the production area and an extensive range of services and facilities.
The offices are fully fitted with new detailed glazed windows to the front and to the production area and could readily be extended if required.
Location
The attractive market town of Hitchin is located in North Hertfordshire close to Letchworth and approximately 4 miles west of Stevenage to which it is linked by the A405 dual carriageway via the A1 at Junction 9. This also links to the M1 at Luton. It is an attractive market town with a fast electrified train service to London Kings Cross (36 minutes)
HITCHIN - The property is located within the main commercial area accessed off Cadwell Lane (see directions below). The estate comprises 6 units which are all owned on an individual basis.
Accommodation
Ground Floor Warehouse/Production - 6,808 sq ft
Showroom/Office/Ancillary - 954 sq ft
First Floor Offices - 954 sq ft
Total - 8,716 sq ft
Mezzanine floors - 1,976 sq ft
Terms
For sale on a 999-year lease at a fixed rent of £100 per annum.
Price £949,950.
RATEABLE VALUE - Please see the Valuation Office Agency website (www.voa.gov.uk). Indicated assessment £29,250.
Rates payable 47.9% for the Y/e 31/03/2018 providing a useful low cost.
ENERGY PERFORMANCE CERTIFICATE - To be confirmed.
A management company efficiently deals with shared estate matters and the annual cost is approx. £1,500. The insurance is undertaken on a block basis through the management company and the last invoiced cost was £1,241. All terms are subject to VAT where applicable.
The premises are located within Hitchin town centre within 100 metres of Market Place. Nearby occupiers on Sun Street include Zizzi and Pizza Express with numerous other multiple outlets in Market Place.
Location
The premises are located within Hitchin town centre within 100 metres of Market Place. Nearby occupiers on Sun Street include Zizzi and Pizza Express with numerous other multiple outlets in Market Place.
