£550,000

Retail premises for sale

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£550,000

(£278.34/sq. ft)

Retail premises for sale

Railway Street, Hertford SG14

1,976 sq. ft

Local area information

Property location

Nearby amenities

  • Abel Smith School 0.2 miles
  • Hertford East 0.2 miles
  • Richard Hale School 0.3 miles
  • Hertford North 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Considered a landmark town centre building, 27-29 Railway Street is arranged over basement, ground and two upper floors.
The ground floor retail premises is let to Mr Barber Shops Limited with guarantors.
The first and second floors are fully self contained and comprise 6 rooms with vacant possession.
Basement - 522 sq ft
Shop (from ratings website) - 504 sq ft
First floor - 477 sq ft
Second floor - 473 sq ft
Total - 1,976 sq ft
All floor areas and dimensions are approximate.
The open plan basement has full height headroom and is with vacant possession.
The shop has been well fitted, cared for and maintained by the current occupiers who operate a barbers business.
The first and second floors comprise 6 individual rooms to include toilet and kitchen facilities. These upper floors were most recently used for multi let offices although would equally suit conversion to residential. The majority of rooms have electric wall heaters, carpeting, lighting and security entry phone system. The fire alarm system is untested.

Tenancies: The ground floor shop is let to Mr Barber Shops Limited with 3 guarantors for a term of 10 years from 16 November 2017 on full repairing and insuring terms at the current passing rent of £22,000 per annum exclusive. There is a rent review in November 2022.
All other parts of the building are to be sold with vacant possession.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Hertfordshire
  4. Hertford
  5. Railway Street

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