Available
Royston – Coral & Vacant Offices with Development Potential
4/4A Kneesworth Street, Royston, Hertfordshire SG8 5AAFreehold Retail Investment with Residential Development Potential
Price
£500,000
Rent P.A.
£15,000
Yield
ERV: £38,000
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
Holding Over
Area
2,475 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor shop let to Coral (No. 4A), vacant ground floor shop (No.4) and a vacant upper parts above both shops, providing residential development potential STTP
- Situated in the heart of the town centre within 10min walk from Royston Train station providing direct and regular services to London King`s Cross, Cambridge and Brighton
- Retail occupiers nearby including Lloyds Bank, Costa Coffee, Domino`s Pizza, Boots and more
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor shop let to Coral (No. 4A), vacant ground floor shop (No.4) and a vacant upper parts (former offices) above both shops, providing the following accommodation and dimensions:
Ground Floor: 141 sq m (1,519 sq ft)
Shop No. 4A: 63 sq m (683 sq ft)
Open plan retail, storage, office, wc
Shop No.4: 78 sq m (836 sq ft)
Open plan retail, office, storage, wc
First Floor: 88 sq m (956 sq ft)
Vacant offices
Total GIA: 229 sq m (2,475 sq ft)
Residential development potential for 2 self-contained flats at first floor and 1 studio flat in the loft space. Adjoining building has been entirely converted into residential, providing further development potential of the ground floor shop, subject to planning.
Ground Floor: 141 sq m (1,519 sq ft)
Shop No. 4A: 63 sq m (683 sq ft)
Open plan retail, storage, office, wc
Shop No.4: 78 sq m (836 sq ft)
Open plan retail, office, storage, wc
First Floor: 88 sq m (956 sq ft)
Vacant offices
Total GIA: 229 sq m (2,475 sq ft)
Residential development potential for 2 self-contained flats at first floor and 1 studio flat in the loft space. Adjoining building has been entirely converted into residential, providing further development potential of the ground floor shop, subject to planning.
Tenancy Description
Shop No.4A is at present let to Coral Racing Limited for a term of 10 Years from 1st September 2010 (holding over) at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Tenant confirmed they will renew lease at the same rent.
Shop No.4 is at present vacant. ERV: £23,000 p.a.
Shop No.4 is at present vacant. ERV: £23,000 p.a.
Tenancies & Accommodation
![](https://bluealpine.wpenginepowered.com/wp-content/uploads/2024/05/4-4A-Kneesworth-Street-Royston-Hertfordshire-SG8-5AA-tenancies.png)
Location Description
Royston is a town and civil parish in the District of North Hertfordshire. The property is situated in the heart of the town centre with retail occupiers nearby including Lloyds Bank, Costa Coffee, Domino`s Pizza, JD Wetherspoon, Boots Pharmacy and many more. Royston Train station is situated 10min walk away, providing direct and regular services to London King`s Cross (50min), Cambridge (15min) and Brighton (2h 11min).