6 Week completion
Occupying a busy trading position in the main pedestrianised centre of the town, opposite the White Lion Square which hosts the town market and amongst such multiples such as Asda, Iceland, Savers, Boots, Peacocks, Halifax, NatWest, Santander, HSBC, New Look, Poundland and many others. In addition, there is a large public car park nearby. Hatfield lies some 18 miles north of central London and 11 miles south-east of Luton with easy access to the A1(M) (Junction 3) and the M25 (Junction 23).
Forming part of a modern detached building comprising a Ground Floor Corner Shop.
Ground Floor Shop
Gross Frontage 30'1"
Return Frontage 27'8"
Internal Width 27'1"
Shop & Built Depth 26'1"
VAT is applicable to this Lot
Leasehold from 31st March 2017 to 9th August 2164 (thus having approx. 147 years unexpired) at a peppercorn ground rent.
The property is let on a full repairing and insuring lease to Rofooduk Ltd as an Eastern European Convenience Store/Deli for a term of 15 years from 7th September 2016 at a current rent of £20,000 per annum exclusive (see Note 1).
Rent Reviews 2021 and 2026
Note 1: The initial rent is £10,000 p.a. rising to £20,000 on 7th September 2017 and the Vendor will make up the rent shortfall on completion.