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Lot 18

REDEVELOPMENT OPPORTUNITY
(possession available by april 2018)
8 Week Completion

SITUATION

In this pedestrianised thoroughfare between Market Street and the picturesque Salisbury Square in the heart of this historic market town, opposite the Bircherley Green Shopping Centre and amongst such multiples as Caffé Nero, Monsoon, Accessorize, Toni & Guy, EE, Greggs, Specsavers, WH Smiths, Barclays and many other independent retailers.
Hertford is located approximately 22 miles north of central London, 11 miles north east of St. Albans and 11 miles south west of Bishop's Stortford, enjoying excellent road access to the A1(M) (Junction 4) and also the A10, via the A414. Hertford East Station (Mainline), close to the town centre, provides a regular direct train service to London Liverpool Street, with a journey time of 50 minutes.

PROPERTY

A Grade II Listed mid-terrace block of property arranged as follows:
• No 8: comprises a Ground Floor Shop with Basement plus internal access to Ancillary Storage on 2 upper floors.
• No 10: comprises a Ground Floor Shop with Basement Photographic Studio plus internal access to Ancillary Office/Storage on 3 upper floors plus a rear courtyard.
• No 12: comprises a Ground Floor Shop with Basement plus internal access to Ancillary Storage on 3 upper floors plus a rear courtyard.

VAT is NOT applicable to this Lot

FREEHOLD

PLANNING

Planning Permission and Listed Buildings Consent was granted on 1st June 2015 by East Herts Council (Tel: 01279 655 261) for “The alteration and extension of retail units and conversion and extension of the upper floors to form 7 no. apartments” (Planning Refs: 3/15/0700/FUL and 3/15/0701/LBC).

According to the approved plans, once constructed the conversion will provide a new front access to form 3 × 2 Bed Flats (one duplex) and 4 × 1 Bed Flats planned on first, second and third floors, either with a single open plan Ground Floor Retail Unit or 2 separate Retail Units.

There could be potential to increase the size of the building by extending into the courtyard area, subject to planning.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

8, 10 & 12 Railway Street, Hertford, Hertfordshire SG14 1BG