Originally part of a division and refurbishment scheme undertaken in the mid-1980s, the property is in the middle of a terrace and comprises of principally clear storage/production space with separate WC facilities and kitchen area to ground floor and office with WC and kitchenette at first floor.
( Agency Pilot Software ref: 15586 )
Location
The property is within the CAM Centre Industrial Estate, located off Wilbury Way and in the principal commercial and industrial area of the town, approximately ¾ mile from the town centre. Hitchin Mainline Railway Station is approximately 1 mile distance, offering fast and frequent services to London Kings Cross. Hitchin is situated some 5 miles from Junction 8 of the A1(M) to the northwest of Stevenage. Access to the M1 Junction 10 is via Luton on the A505
Accommodation
5,276 SQ FT (490 SQ M)
Terms
Tenure Our clients are able to offer either the long leasehold for sale, or a new full repairing and insuring lease for a term to be agreed. Sale £695,000 for the long leasehold. The property is held on a 999 year ground lease dated 25th March 1986 at a peppercorn ground rent with a service charge provision for common parts and building insurance.
Rental £49,950 per annum, exclusive.
Service Charge The cost of the service charge for the upkeep of the common parts for the current year is £4,254.91, plus VAT
Rates We understand from the Valuation Office Agency website (www.voa.gov.uk) that the rateable value is £28,250. The UBR for 2024/25 is 54.6p in the £.
Rates payable may be subject to transitional arrangements and/or small business relief, which should be verified with the Charging Authority. Assessments may be subject to appeal.
Energy Performance Certificate (EPC) A copy of the EPC is available upon request.
Specification
- Forecourt loading and ramped access
- Roller shutter loading door of 3.5m wide by 4.4m high (11’4” x 14’4”)
- 5m (16’) minimum height to truss
- 2.28m (7’4”) to the underside of mezzanine
- Parking for up to 6 vehicles
- 3 phase power, gas supply and water
- Entry phone system
- Security alarm already installed (not tested)