Investment Consideration:
Rental Income: £15,000 p.a. + Vacant Flat
ERV once fully let £30,600 p.a. GIY: 8.16%
VAT is applicable to this property
Comprises triple fronted ground floor shop and 2-bed residential flat above
Situated in the heart of the town centre with occupiers nearby including Restaurant, Café, Takeaway`s, Butcher`s, Convenience Store and many more.
Property Description:
The property comprises triple fronted ground floor shop t/a Beauty Salon & Tattoo with large self-contained 2-bed flat at first floor, providing the following accommodation and dimensions:
Ground Floor: 75 sq m (808 sq ft)
Open plan retail, kitchen, wc, storage
First Floor: 78 sq m (840 sq ft)
2 bedrooms, kitchen, living room, bathroom
Total GIA: 153 sq m (1,648 sq ft)
Tenancy:
The retail shop is at present let to The Beauty & Soul Collective Ltd (with personal guarantee) for a term of 7 years from 14th April 2026 at a current rent of £15,000 p.a. and the lease contains full repairing and insuring covenants. Rent review every 3rd year linked to RPI. Tenant option to determine in the 5th year with min 6 months notice. Deposit held of £3,510.
The flat is at present vacant. ERV: £15,600 p.a.
Location:
Baldock is a historic market town in the North Hertfordshire district of Hertfordshire, England. The River Ivel rises from springs in the town. It lies 33 miles (53 km) north of London and 14 miles (23 km) north northwest of the county town of Hertford. The property is situated in the town centre with occupiers nearby including Restaurant, Café, Takeaway`s, Butcher`s, Convenience Store, Health Food Shop and many more.
