P1000300
P1000327
P1000310
P1000303
P1000311
P1000329
  • For Sale
  • OIRO £350,000
  • 48 High Street, Royston, Hertfordshire, SG8 9AW
  • Mixed-Use Investment & Development Opportunity

Mixed-Use Investment & Development Opportunity

| June 1, 2020

Executive Summary

  • Two-storey building which has most recently been used for retail on the ground floor and associated ancillary and office use on the first floor.
  • Planning permission granted to allow creation of two flats.
  • Located in heart of Royston town centre, close to railway station.
  • Offers are invited in the region of £350,000, subject to contract. The property is to be sold with full vacant possession.

Location
The property is situated within the heart of the attractive and charming Royston town centre and within the Royston Conservation Area. Royston is 38 miles north of London and 13 miles south of Cambridge. Royston railway station providing a direct service to London Kings Cross in 50 minutes and Cambridge in just 14 minutes. The area is well connected by road with the A10 and M11 easily accessible. Nearby occupiers include a range of independent occupiers and many well-known high street brands including Savers, Costa Coffee, Boots, Card Factory, and Barclays.

Please note all distances given are approximate only.

Description
The property is currently arranged over two floors and has most recently been used for retail on the ground floor and associated ancillary use on the first floor. The surrounding properties are a mix of retail, business and residential use. The current accommodation provides the following floor areas;

Ground Floor: 921 square feet (85.61 square metres)
First Floor: 57.63 square feet (620 square metres)

Planning
The property benefits from planning consent granted by North Hertfordshire District Council summarised as follows:

20/00364/FP
Planning consent has been granted for the erection of mansard roof level at second floor level and first floor rear extension to allow the creation of 1 x 2-bedroom flat at second floor level and change of use of offices to 1 x 2- bedroom flat at first floor level. Each flat will measure approximately 520 square feet (48.25 square metres).
This consent was granted in April 2020.

In addition, Prior Approval has been granted for the following:

20/00396/PNO
Prior approval has been granted to change the use of the first floor from office use (Class B1) to 1 x 2 bedroom flat (Class C3).
This consent was granted in April 2020.

Terms
Offers are invited in the region of £350,000, subject to contract. The property is to be sold with full vacant possession.

Tenure
The freehold interest is to be sold with full vacant possession.

VAT
It is understood that the building is not elected for VAT.

Data Room
A data room has been set up and access is available on request.

Viewings
Viewings are strictly by appointment through sole agents Harston&Co.

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The Site and all the content on the Site is provided for use "as is" and "as available" and any reliance upon the same is at your sole risk. Whilst We take all reasonable care to ensure that the content on this Site is accurate, We cannot guarantee its accuracy and We reserve the right to change the content on this Site at any time. We make no representations or warranties of any kind with respect to this Site or the content of the Site, including any text, graphics, advertisements, links or other items. Further more, neither We nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on the Site or that such content will be accurate, up to date, uninterrupted or error free.