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A Commercial Building Arranged to Provide a Lower Ground and Ground Floor Restaurant with First Floor Ancillary Space Fully Let Producing £14,000 Per Annum. Potential to Convert Upper Floor to Residential Use (Subject to Obtaining all Relevant Consents)
The property comprises a commercial building arranged to provide a lower ground and ground floor restaurant with first floor ancillary space.
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Avenue Park Baldock are within easy reach. Transport links are provided by Baldock rail station.
Accommodation
Lower Ground and Ground Floors Restaurant First Floor Ancillary Space Total G.I.A Approximately 1,798 sq ft
Tenancy
The property is subject to a lease expiring 25th November 2025 at a rent of £14,000 per annum (Holding Over). Negotiations ongoing to extend lease for a further 15 years.
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.