Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a popular local retail parade forming four units with a single five bedroom residential unit and ancillary accommodation to the upper parts.
Arranged across ground, first and second floors. The property comprises four retail units to the ground floor, each including a sales area to the front, with storage and ancillary staff space to the rear.
Thee of the units are let producing a total aggregate income of £24,540 per annum, whilst Unit 3 Bonds Lane is vacant and formerly comprised a betting shop.
The upper parts are accessed from the rear of the property and comprise a single residential unit with five bedrooms and a number of ancillary rooms used as storage.
The rear of the property includes a large yard of approximately 3,650 sq ft, this includes a lean-to shed/workshop as well as two garages.
We consider the property to have potential for conversion/development to provide multiple residential units to the upper parts. There may also be potential to increase site massing via development over the rear yard, subject to any existing leases and requisite consents.
The property is situated on Hitchin Street, the principal secondary retail pitch in the town being connected directly to the High Street. The street experiences high footfall and is partially pedestrianised.
Tenure
Freehold
Rent
Notes
Please note Savills Auctions have not inspected the property. Any drawings, plans, areas and photographs are for illustrative purposes only and purchasers should rely on their own enquiries.