Retail premises for sale in Bucklersbury, Hitchin SG5
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Property description
Located in the affluent commuter town of Hitchin 32 miles north of Central London.
Highly prominent parade nestled in the heart of Hitchin town centre.
Comprising 5 commercial units totalling 6,265 sq ft arranged over part lower ground and ground floors.
Multi-let producing a total current passing rent of £188,800 per annum.
Freehold.
Grade II listed, therefore if any of the commercial tenants vacate, the landlord will not incur any business rates.
We are instructed to seek offers in excess of £1,750,000 (One Million, Seven Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
A Purchase at the asking price would reflect a Net Reversionary Yield of 10.16% assuming standard purchasers’ costs of 6.20%, and a low Capital Value of £279 per sq ft.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Estate Office, NW8 on +44 20 7768 1786 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Estate Office, and do not constitute property particulars. Please contact Estate Office for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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