0 Bed Mixed Use For Sale

The property comprises a high yielding, fully let, mixed-use investment occupying a prominent corner pitch in the heart of Royston.

Arranged accross ground, first and second floors, the accommodation provides two retail units to the ground floor with a further commercial unit to the first floor and 3 x one bedroom flats to the upper parts.

The property is fully let, with the ground floor retail units let to Timpson and Royston Nail Bar, the first floor unit let to Daniela Aesthetics and Beauty and the three flats let on separate Assured Shorthold Tenancy (AST) agreements.

The total aggregate rent is £55,650 per annum. A full tenancy schedule is available on the Savills Auctions website

We consider the property offers evident asset management potential via renewal of the commercial leases and improvement of rents. There may also be development potential to the first floor with the possibility to convert the first floor commercial unit to residential use (subject to the existing lease and any requisite consents).

The property benefits from a prominent corner pitch fronting the partially pedestrianised High Street, with a return frontage to John Street. The area is characterised by a number of boutique and national retailers including Boots, Costa and Specsavers.