About this property
Key Features
Freehold
Current rental income of £13,000 per annum but with rent review outstanding
Ground and basement floor takeaway with self-contained residential accommodation on upper 2 floors
Mixed use investment opportunity
Description
The property comprises a prominent 4 storey mixed use property, of brick walls beneath a part pitched and part flat roof, located in the heart of the north Hertfordshire town of Baldock.
At ground floor, there is a takeaway trading area with large display window frontage, behind which is a substantial commercial kitchen, 2 cloakrooms and a lobby area with rear pedestrian access.
Beneath the ground floor is a full-height basement, which is used for the storage and preparation of food.
The first floor accommodation is accessed by a separate door to the rear of the building (12a) off Sun Street. A staircase leads to a central landing area, which in turn gives access to: Living Area with laminate flooring, a range of dated MDF base and wall units, stainless steel sink, gas boiler; Shower Room with old white WC, wash hand basin and shower; Bedroom with laminate flooring; Kitchen with laminate flooring and a range of MDF base and wall units, and stainless steel sink; Bathroom with old white WC, wash hand basin and bath.
It is understood that at second floor level there is a further living/bedroom and a Shower Room. Please note that the second floor accommodation has not been been inspected by the auctioneers.
Tenure
Freehold subject to existing tenancy
Location
The property is located on the busy Whitehorse Street, adjacent to the High Street. The market town of Baldock benefits from a range of shops, facilities and services. Nearby occupiers include a range of national and local traders. There are excellent transport links, including rail services to London and Cambridge.
Lot Type
Commercial
Tenancies
The property is let and trading as Baldock Pizza, at a rent of £13,000 per annum. The original tenancy commenced on the 25th March 2004 for a term of 16 years, with the tenant now holding over. The latest rent review is outstanding.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Isabel Wightman-Cooper at Birketts, 22 Station Road, Cambridge, CB1 2JD
Viewing
Cheffins Property Auction Dept 01223 213777
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.�