- Retail Parade Investment Opportunity.
- 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.
