A self-contained cafe unit fitted to shell condition within this new development scheme of 14 luxury apartments. The cafe has a 3-phase power supply with extensive glazing to the road frontage together with a terrace for customers. The two-bedroom apartment is on the first floor with a high specification finish throughout and a balcony.
( Agency Pilot Software ref: 102385 )
Location
Lancaster House is situated in a very prominent position on Pegs Lane which is a busy vehicular route. Hertfordshire County Councils' offices are located in close proximity as well as a number of other office buildings with the remainder being residential. The retail and leisure facilities of Hertford Town Centre are within a short walk as well as Hertford mainline station which provides a fast and frequent service to London (Liverpool Street)
Accommodation
2,040 Sq Ft (189.5 Sq M)
Cafe & 836 Sq Ft (77.67 Sq M)
Flat
Terms
Planning The commercial unit has planning use as a Café with opening times Weekdays 89 pm, Saturdays 9am to 6 pm, Sundays and bank holidays 9 5pm. The apartment has a restriction that it can only be occupied by a manager/owner or employee of the café. Full details available upon request.
Business Rates The business rates will need to be assessed once the development has completed.
VAT All prices quoted are subject to VAT in addition
Energy Performance Rating Awaited following completion of the development.
Service Charge There is a contribution towards the common part and external repair and maintenance which is currently budgeted at £2,405 per annum.
Rent The café and flat are available to let on a new full repairing and insuring lease at £50,000 per annum exclusive.
Sale The long leasehold interest (999 years) in the cafe and flat are available at a price of £850,000
Specification
- Ground floor commercial unit with café use and a twobedroom flat within newly completed development.
- ommercial unit provided to shell condition with outdoor terrace.
- Prominent position on Pegs Lane with high vehicular traffic flow Within 1/2 mile of Hertford Town Centre
- Available from Summer 2023