About this property

Key Features

Freehold
Possibility for further residential conversion STP
Total income of £70,650 per annum
Grade 2 Listed commercial building

Description

Tenure

Freehold subject to tenancies

Location

Royston is located approximately 13 miles south west of Cambridge and 17 miles north east of Stevenage. The town benefits from excellent communication links via the A505 main road which in turn leads to the M11 and A1(M) trunk roads. The mainline train station provides regular services to London Kings Cross. The property is situated in a prominent position on the east side of the High Street, surrounded by various multiple retailers including W H Smith, Boots, Card Factory and Costa Coffee.

Outgoings

Uniform Business Rates We understand that the property is entered into the VOA Rating List 2023 as the following Rateable Values: 30 High Street £9,200 32 High Street £6,500 2 and 3 John Street £19,250 Service Charge There is currently no service charge in place.

VAT

VAT is payable on the purchase price.

Lot Type

Commercial

Planning

The Property has existing established retail uses, with residential uppers. Interested parties are advised to make their own enquiries of North Herts District Council Planning Department

Tenancies

30 High Street is let Timpson Ltd on a 10 year excluded lease from 11th January 2016 at a rent of £11,000 pa. 30 High Street First Floor is let to Daniela Pruna T/A Daniela Aesthetics and Beauty on a 5 year excluded lease from 20th May 2021 at a rent of £5,750 pa. 32 High Street is let to Thu haoi Nguyen T/A Royston Nail Bar on a 13 year protected lease from 24th June 2024 at a rent of £12,500 pa subject to rent review and tenant break at the 5th and 10th anniversaries. 2 & 3 John Street is let to Cream at a rent of £15,000 pa on a protected lease. The lease to Cream expired in June 2012 and they have been holding over since then.

Legal Packs

www.cheffins.co.uk/auctions/property-auctions or Michelle Atkins at Fraser Dawbarns, 1-3 York Row, Wisbech, Cambridgeshire, PE13 1EA

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.�

Tenancy Schedule

Unit	Size	Tenant	Lease Length	Expiry	EPC	Rent
30 High Street	422.00 sq.ft	Timpson Ltd	10	11/01/2026	B	£11,000
1st Floor, 30 High Street	437.00 sq.ft	Daniela Aesthetics and Beauty	5	19/05/2026	E	£5,750
30a High Street	613.54 sq.ft	Resi	AST	See Legal Pack	D	£9,000
32 High Street	390.00 sq.ft	Royston Nail Bar	13	23/06/2027	C	£12,500
32a High Street	505.90 sq.ft	Resi	AST	See Legal Pack	D	£9,000
32b High Street	473.61 sq.ft	Resi	AST	See Legal Pack	D	£8,400
2 & 3 John Street	2,028.00 sq.ft	Cream	6	21/06/2012	C	£15,000
Total	4,770.05 sq.ft					£70,650