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 |
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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. |
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Tenant in arrears of £4,800. Has requested an assignment with 5 additional parties. Progress paused until arrears cleared. |
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Tenant in process of clearing arrears. Tenant break option on 24/04/26 Rent review on 13/04/26 |
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Previous tenant was paying £2,500 pa. Recently came vacant. |
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Attempts made to contact tenant regarding license renewal. Contact not responded at present. |
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Attempts made to contact tenant regarding license renewal. Contact not responded at present. |
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Attempts made to contact tenant regarding license renewal. Contact not responded at present. |
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Renewal in progress. New 15 year term agreed on same terms as curren lease. |