A Long Leasehold Mixed Use Building
• Comprising a Ground Floor Shop Unit together with Six Self-Contained Flats above
• Residential Accommodation comprising 3 x One Bedroom and 3 x Two Bedroom Flats
• Shop subject to a Commercial Lease
• Five Flats subject to Assured Shorthold Tenancies
• One Flat Vacant
• Shop producing £7,800 per annum
• Five Flats producing £43,380 per annum
• Total Current Rent Reserved
£51,180 per annum (equivalent) with One Flat Vacant
Long Leasehold. The property is held on a lease for a term of 999 years from 6th April 2017 (thus having approximately 998 years unexpired) at a peppercorn ground rent.
The property is situated on the north side of Fore Street, close to its junction with Parliament Square in Hertford town centre. Centrally located, the property has easy access to a wide range of facilities and amenities, including the open spaces of Hartham Common and Castle Gardens. Hertford East Rail Station is only 0.3 miles to the east, whilst Hertford North Rail Station is only 1.5 miles away, both providing direct access to Moorgate and London Liverpool Street Stations with journey times of approximately 45 minutes. The A414 is accessed just to the south and provides a link to the A10 and A1(M).
The property comprises an end of terrace building arranged over basement, ground and three upper floors. The basement, ground and part first floor comprise a retail unit, whilst the remainder of the building is arranged to provide six self-contained flats.
Accommodation and Tenancies
A schedule of Accommodation and Tenancies is set out below.
VAT is NOT applicable to this lot.
The property will be open for viewings on Friday 16th, Tuesday 20th, Thursday 22nd and Tuesday 27th March at 10.00 a.m. These are open viewing times with no need to register. (Ref: MW).