Leisure specialist Fleurets has brought to market a new investment and development opportunity at Hitchin in Hertfordshire.
This prime freehold offering includes a collection of Grade II listed properties, with what’s described as strong income potential and scope for future enhancement.
The entire site is available for £3,500,000. Sale by way of a single or multiple lots is also available.
This prime location investment sale features artisan bakery Gail’s, with a ground-floor retail space, customer seating plus a rear trade garden. The first floor is unlet and has a separate entrance.
There also the Brooklyn-inspired barbecue restaurant and cocktail bar, Craft & Cleaver, part of the established Craft & Cleaver group.
Then there is White Stuff, the prominent British fashion and lifestyle brand occupying a prime double-fronted retail space.
The upper floors above White Stuff and Gail’s are currently vacant, accessed via the car park, and unencumbered by existing leases. With a possibility for multiple residential apartments above, this presents an outstanding value-add opportunity.
Elysia Wilson-Gunn, Divisional Director at Fleurets, comments: “This is an exceptional investment opportunity in Hitchin’s highly desirable market town centre.
“With a strong mix of tenants generating a total contracted commercial rental income of £235,800 per annum, vacant upper floors offering residential development potential, and the flexibility to acquire as a single lot or multiple lots, this site presents a compelling proposition for both investors and developers.”
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