Unit 11 is a self-contained ground floor retail unit. The property also provides first floor storage accommodation with small kitchen and WC facility. There is rear access for loading.
The property benefits from 1 car parking at the rear of the shop. This is on a first come first served basis.
( Agency Pilot Software ref: 15473 )
Location
Hitchin is an historic market town and located 3 miles to the west of Junction 8 of the A1(M) with the M25 being some 15 minutes south of that junction. Churchgate Shopping Centre is located just off the busy Market Square and conveniently located by the market and numerous car parks. The subject property is situated midway along Churchgate between Market Square and the market.
Accommodation
1,348 SQ FT (125.22 SQ M)
Terms
Tenure The property is available on a new effective full repairing and insuring lease. There will be a landlord break on 30th June 2027 or rolling thereafter with 6 months prior written notice.
Rental £21,750 per annum, exclusive plus VAT.
Service Charge There is an annual service charge payable. The current premium is £2,433.12 plus VAT. This covers external repairs and maintenance including the roof, common external areas but does not include the whole of the shopfront.
Rates We understand from the Valuation Office Agency website (www.voa.gov.uk) that the rateable value is £15,500. The UBR for 2023/24 is 51.2p 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) The Asset Rating is E-118 expiring on 6th February 2027. Reference number: 0610-0133-0469-0102-1002. A copy of the EPC is available upon request
Specification
• Wooden flooring in main shop area
• Electric security shutter to front of the property
• Three phase power supply, single connected
• Concertina loading door
• Loading area
• First floor storage accommodation which is carpeted
• Kitchen
• WC facility