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Malthouse Court

Bridge Street
Hitchin
Herts
SG5 2DJ


Selling Price: £225,000 Leasehold


Oliver Russell Property Consultants are delighted to bring to the market a modern, open plan Long Leasehold retail unit, situated on Bridge Street in the prosperous, North Hertfordshire market town of Hitchin.

Retail Space: 9.6m (31ft 6in) x 5.33m (17ft 6in)
The unit part of a mixed use development constructed in 2009, provides open plan space with double opening door and large plate glass window to the front. Currently fitted out for a Ladies hair dressing salon, the unit would equally work well for a number of different retail and business uses.

The unit also provides a rear store room, cloak room and WC, with separate kitchen.

The unit also provides a rear store room, cloak room and WC, with separate kitchen.

RETAIL: 32 Sq M

STORE: 7.04 Sq M

KITCHEN: 2.61 Sq M

TOTAL: 41.65 Sq M Plus cloakroom and storage cupboard



Long Leasehold:
The long leasehold interest will be available with vacant possession from the 1st April 2022. The Head Lease runs for 125 years from 2009

GROUND RENT

£250 PA

SERVICE CHARGE

£900 PA

Courtyard:
There is a small paved courtyard patio accessed through side double doors to the east of the unit.



Rates:
The current Rateable Value for the unit is £10,250
The standard multiplier is 51.2p, the small business multiplier is 49.9p

Price:
£225,000 Plus VAT for the Long Leasehold interest, alternatively the owners may look at a new commercial lease, for a term by arrangement at a commencing rent of £15,000 Plus VAT PA.

Use:
A1 Retail