For Sale By Auction | 2:30pm, 07 August 2019 | Lot 6

43 High Street & 44 Upper King Street, Royston, Hertfordshire, SG8 9AW

*Guide | £430,000+ (plus fees)

  • Mixed Use
  • 3 Bedrooms
  • Tenure: Freehold with flying freehold

Call the team on 01234 362899 for more information

Auction Date

Wed 07/08/2019

Auction Time

2:30pm

Auction Venue

Venue 360 - 20 Gipsy Lane, Luton LU1 3JH

Viewing Times:

Wed 24 Jul

13:00 - 13:45

Fri 26 Jul

10:30 - 11:15

Thu 1 Aug

13:00 - 13:45

An extremely attractive, well located and fully let mixed use period building generating £37,500 p/a

This large period freehold property comprises of a double fronted shop unit, let to a local well established business, who completed an extensive refurbishment to the shop at the beginning of their lease. Above the shop unit are three studio flats all currently let, that benefit from a communal laundry room. The vibrant High Street location is half a mile from Royston Train Station with Thames link and Great Northern services. Road links via A505 to A1M for London and the North, while the M11 lies to the west with links to Cambridge.

Tenure

Freehold with flying freehold

Ground Floor:

Double fronted retail unit with staff facilities to the rear. Separate entrance to the flats to the rear accessed via Upper King Street.

Basement:

Tanked basement with light and power currently used as a showroom.

First Floor:

Communal hallway, laundry room with washing machine and sink, French door giving access to a small flat roof/ outside seating area. doors to two apartments and W/C, stairs to second floor.

Apartment 1 - The National Suite:

Bed/ sitting room with kitchen area and shower room, W/C accessed from the hallway.

Apartment 2 - The King Suite:

Bed/ sitting room, separate kitchen with space for a table and a large shower room with shower, low level flush W/C and wash hand basin.

Apartment 3 - The Penthouse Suite:

Located on the second floor. Bed/ sitting room, separate kitchen with space for small table, large shower room with shower, low level flush W/C and wash hand basin.

Tenancy:

Shop unit is let under a commercial lease for £15,000 p/a, lease commenced on 02/07/2018 (4 years remaining) Studio flats are currently let under AST agreements for £625pcm (£7,500 p/a) and are separately rated. Combined income of £36,000 p/a

Listing:

Property is Grade II listed. Listing number: 1102069

Open House Viewings:

Wed 24 Jul: 13:00 - 13:45 Fri 26 Jul: 10:30 - 11:15 Thu 1 Aug: 13:00 - 13:45

Energy Efficiency Rating (EPC)

Current Rating N/A

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

North Hertfordshire - 01462 474000

Solicitors

Gisby Harrison, Gisby Harrison Solicitors Goffs Oak House Goffs Lane Goffs Oak Hertfordshire EN7 5HG, Ref: Paul Wilson-Smith - paul.wilson-smith@gisbyharrison.co.uk, Tel: 01707 878311

Additional Fees

Buyer's Premium - There is no Buyer's Premium payable on this lot.

Administration Charge - Administration Charge - Purchasers will be required to pay an administration fee of £900 incl. VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.