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    Key features

    • Attractive Grade II Listed mixed use town centre investment
    • Comprising ground floor restaurant with two self-contained 2-bedroom flats above
    • Well located in the centre of the old market town
    • Part let to Pizza Express until 2036
    • Benefits from planning consent to convert the current flats into 4 x 1 bedroom flats
    • Investment let at £47,700 p.a. (5.8% plus 2 x vacant flats GIY on Guide Price)

    Description

    • Comprising a town centre Grade II listed property arranged over ground and two upper floors to provide a ground floor restaurant with two self-contained 2-bedroom flats above.
    • The flats benefit from access directly on to Sun Street

    Additional information

    Tenure

    Freehold

    Tenancy

    Please see Tenancy Schedule


    Total Current Rents £47,700 p.a. plus 2 vacant flats

    Planning

    The property benefits from planning & listed building consent (application 23/02339/FP and 23/02340/LBC) to convert the existing 2 x two bedroom flats into 4 x 1 bedroom flats along with a second floor rear extension.


    All enquiries in this regard should be raised with North Hertfordshire District Council


    website: north-herts.gov.uk

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Please note the property is elected for VAT. Alternatively the transaction can be treated as a TOGC.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Hitchin is an old market town located 8 miles north-east of Luton, 15 miles south-east of Bedford and 35 miles north of Central London

      Located in the town centre on the west side of Sun Street, at it's junction with Market Place

      Local occupiers include: Ladbrokes, Age UK, Starbucks, Waterstones and HSBC amongst others

      Transport

      Road: M1 Motorway, A1(M)

      Rail: Hitchin Rail Station is 0.8 miles north east of the property, with regular services to London Kings Cross Station


      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums