30-32 High Street, Royston
£167.08 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,843 sq ft
264 sq m
- SECTOR
Mixed use property for sale
Key features
- High Yielding, Multi-Let, Mixed Use Investment
- 2 x Ground Floor Retail Units with a Further Unit and 3 x Flats to Upper Parts
- Fully Let to Six Tenants
- Asset Management Potential Via Renewal and Improvement of Rents
- Development/Conversion Potential (subject to consents)
- 2,843 sq ft (264.11 sq m)
- Prominent Corner Pitch
- Investment Let at £55,650 p.a. (11.72% GIY on Guide Price)
Description
Arranged accross ground, first and second floors, the accommodation provides two retail units to the ground floor with a further commercial unit to the first floor and 3 x one bedroom flats to the upper parts.
The property is fully let, with the ground floor retail units let to Timpson and Royston Nail Bar, the first floor unit let to Daniela Aesthetics and Beauty and the three flats let on separate Assured Shorthold Tenancy (AST) agreements.
The total aggregate rent is £55,650 per annum. A full tenancy schedule is available on the Savills Auctions website
We consider the property offers evident asset management potential via renewal of the commercial leases and improvement of rents. There may also be development potential to the first floor with the possibility to convert the first floor commercial unit to residential use (subject to the existing lease and any requisite consents).
The property benefits from a prominent corner pitch fronting the partially pedestrianised High Street, with a return frontage to John Street. The area is characterised by a number of boutique and national retailers including Boots, Costa and Specsavers.
Brochures
30-32 High Street, Royston
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Meldreth Station0.6 miles
- Shepreth Station2.1 miles
- Royston Station2.9 miles
Notes
Disclaimer - Property reference 543EB39A-7E23-4974-8A83-1F8129C486F5. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills, Savills Auctions- Commercial on 020 3834 8097.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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