Commercial Property
False
The historic and attractive market town of Royston lies on the A10 within the north east corner of Hertfordshire on its border with Cambridgeshire. Lying approximately 12 miles south of Cambridge, 23 miles east of Bedford and 43 miles north of central London.
The property occupies a prominent High Street location within an attractive Conservation area, with a good mix of local retailers and national operators with neighbouring occupiers including Boots, WH Smith, Costa Coffee, The Post Office and Barclays Bank.
Tenant Information
Viewings & Further Details
Scrivens Limited are a long established retail opticians and hearing professional services first incorporated in 1942.
For the trading period ending 26th October 2014 turnover was £31,580,000 with a pre-tax profit of £2,687,000. (Source Red Flag Alert Plc).
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
The property comprises an attractive three storey end of terrace character building, comprising brick with part rendered elevations under pitched tiled roofs incorporating dormer windows and believed to date from the 18th Century. It comprises a ground floor retail opticians shop with additional consulting rooms on part of the first floor. The majority of the first and second floors comprise two self-contained flats.
The accommodation comprises a retail optician shop with first floor consulting room and ancillary accommodation including kitchen, stores, ladies & gents cloakrooms and having a total net internal area of approximately 1,391 sq.ft. (129.19 sq.m.). Ancillary accommodation extends to approximately 523 sq.ft. (48.58 sq.m.). There is also a useful covered yard area off which is a stairwell to the two self-contained flats with direct pedestrian access from King Street to the rear of the building.
Flat 1 comprises a living room, kitchen/dining room, two bedrooms, dressing room and bathroom.
Flat 2 comprises a living room, dining room, bedroom, bathroom and kitchen.
The flats benefit from gas fired central heating.
An Attractive Freehold Town Centre Mixed Retail & Residential Investment Property
Current Gross Income: £32,700 pa.
[b]Ground Floor & Part First Floor[/b]
Let to Scrivens Ltd for a term of 10 years, with effect from 1st July 2015. Current Rent is £18,000 per annum, subject to review in the fifth year.
Flat 1 - Let by way of an Assured Shorthold Tenancy, at a rental of £550 rising to £575 pcm (£6,900 per annum).
Flat 2 - Let by way of an Assured Shorthold Tenancy, at a rental of £650 pcm (£7,800 per annum).
We understand that there is a flying Freehold with a neighbouring building passing over part of the back of the property fronting King Street.
Full details relating to tenure and copies of the Lease documentation will be available for inspection within the legal pack.
We understand that the property is Freehold, subject to the following tenancies:-
We understand that VAT will not be chargeable upon this transaction.
