A WELL LET A1 RETAIL INVESTMENT FOR

SALE WITH NEW 10 YEAR LEASE FROM

COMPLETION

36 ST ANDREW STREET, HERTFORD, SG14 1JA

LOCATION: Number 36 stands on the northern side of St Andrew Street opposite the church and one of the many town centre car parks.

The immediate retail terrace includes a dispensing chemist, Sworders Auctioneers, Belles & Shears Hairdressing and the Baan Thitiya Thai Restaurant.

The busy town centre Cowbridge crossroads is just 150 years to the north east from where there is access through to the Sainsbury superstore and the greater town centre areas.

Hertford is a strong county town offering an extensive range of retail, banking and leisure destinations with occupiers including Tesco, Café Nero, Edinburgh Woollen Mill, Poundstretcher, F Hinds Jewellers and an extensive line up of bars and restaurants along the length of Fore Street.

DESCRIPTION: A ground floor A1 retail lock up shop premises fronting the main vehicular and pedestrian routeway into the very centre of Hertford.

The building is understood to have traded as a dry cleaners for approximately 25 years and is currently branded and trading as Flamsteads Dry Cleaning.

Built depth - 35’

Maximum internal width - 10’ 3”

Basement - 26’ x 13’

All measurements and floor areas are approximate.

The shop comprises a front retail sales area with toilet and kitchen to the rear. The basement is dry and to a head room of approximately 6’ 6”. This area could be used as a natural extension to the retail floor plate or ambient storage.

TENANCY: A new 10 year term is proposed from completion of sale at a commencing rental of £12,000 per annum exclusive. There is to be a single 5 yearly upward only rent review.

Further information regarding the lease terms and tenant available upon request.

PRICE: £195,000, subject to contract only.

VAT: TBA.

RATEABLE VALUE: We are advised upon a rateable value of £5,300 with effect 1 April 2017. Tenants may be able to benefit from up to 100% local authority ratings relief. All interested parties are advised to verify this information at www.voa.gov.uk.

LEGAL COSTS: Each party to be responsible for their own legal costs.

VIEWING: Strictly by appointment through Aaran Forbes (aaran@pwco.biz) or Tracey Gidley (tracey@pwco.biz) on 01992 440744. Interested parties are politely requested not to enter upon the premises nor discuss the same with any employees without first having made a proper appointment to do so.

C4674

MISREPRESENTATION ACT

Paul Wallace Commercial for themselves and for the Vendors or Lessors of this property whose Agents they are give notice that:

i. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute the whole or any part of an offer or contract

ii. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchaser or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them

iii. No person in the employment of Paul Wallace Commercial has authority to make or give any representation or warranty whatever in relation to this property whether in the particulars supplied or by any oral or written representation

iv. Paul Wallace Commercial will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars

v. Rents and prices quoted in the particulars may be subject to VAT in addition