About this property

Key Features

Freehold subject to tenancies
Current income £60,884 per annum
Prominent position in town centre
Mixed-use commercial and residential investment property

Description

The substantial property is split into two parts with the main building fronting Hitchin Street and providing commercial units to the ground floor, with residential accommodation to the first floor. There are several lock-up garages and a workshop to the rear of the main building, which are accessed via Bell Row. The main building is Grade II listed.


Tenure

Freehold subject to tenancies

Location

Baldock is a well-connected market town in North Hertfordshire, positioned between London and Cambridge with direct trains to both in about 35–45 minutes. It sits beside the A1(M), offering quick north–south road access, and is close to established towns like Hitchin and Letchworth. The property itself is situated in a prominent position on Hitchin Street, close to the High Street and town centre amenities. Baldock train station is a 5 minute walk from the property.

VAT

VAT is payable on the purchase price.

Lot Type

Commercial

Legal Packs

www.cheffins.co.uk/auctions/property-auctions or Simon Cousins at HJR Foremans Law, Gothic House, Station Road, Old Harlow, Essex, CM17 0AP

Viewing

Cheffins Commercial Department 01223 213666


Important notes

*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.

Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�


Commercial Tenancy Schedule
Commercial

Unit Contract Length EPC Rent pa Floor Area (sq ft) Deposit
1 Hitchin Street 31/5/2025 D £5,500 907 N/A
1a & 1b Hitchin Street 26/2/2030 C £12,000 603 £4,800
3-5 Hitchin Street 13/04/2026 D £9,000 726 £2,800
Workshop Bell Yard Vacant N/A 379 N/A
Garage 2 Bell Yard 11/08/2023 £400 Est. 300 N/A
Garage 3 Bell Yard 29/02/2025 £400 Est. 300 N/A
8-8a Bell Row 25/11/2025 D £14,000 1798 £4274.12
Total £41.300 5013

Residential Tenancy Schedule
Residential

Unit Contract Length EPC Rent pa Floor Area (sq ft) Deposit
Flat 1 Hitchin Street Periodic D £9,000 775 £865
5b Hitchin Street Periodic E £10,584 944 £980
Total £19,584 1719

Tenancy Schedule
Commercial

Unit Tenant Lease Expiry Rent pa Floor Area (sq ft) Rent psf EPC 1954 Act? Payment Deposit Comments
Edit Edit Edit Edit Edit Edit Edit Edit Edit Edit Renewal in progress. New 6 year term at £6,000p.a with annual tenant break options and a break penalty of £4,000 if break exercised in first 2 years of term.
Edit Edit Edit Edit Edit Edit Edit Edit Edit Edit Tenant in arrears of £4,800. Has requested an assignment with 5 additional parties. Progress paused until arrears cleared.
Edit Edit Edit Edit Edit Edit Edit Edit Edit Edit Tenant in process of clearing arrears.
Tenant break option on 24/04/26
Rent review on 13/04/26
Edit Edit Edit Edit Edit Edit Edit Edit Edit Edit Previous tenant was paying £2,500 pa. Recently came vacant.
Edit Edit Edit Edit Edit Edit Edit Edit Edit Edit Attempts made to contact tenant regarding license renewal. Contact not responded at present.
Edit Edit Edit Edit Edit Edit Edit Edit Edit Edit Attempts made to contact tenant regarding license renewal. Contact not responded at present.
Edit Edit Edit Edit Edit Edit Edit Edit Edit Edit Attempts made to contact tenant regarding license renewal. Contact not responded at present.
Edit Edit Edit Edit Edit Edit Edit Edit Edit Edit Renewal in progress. New 15 year term agreed on same terms as curren lease.