Leisure property specialists Fleurets has brought to market a new investment and development opportunity in the market town of Hitchin in North Hertfordshire.

 Situated on the busy Bancroft in the town centre, this prime freehold offering includes a collection of Grade II listed properties, presenting a rare chance to acquire a high-quality asset with 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:

•                 Thriving artisan bakery Gail's (16 Bancroft), with a ground-floor retail space, customer seating plus a rear trade garden. The first floor is unlet and has a separate entrance.

•                 Popular Brooklyn-inspired barbecue restaurant and cocktail bar, Craft & Cleaver (17 Bancroft) part of the established Craft & Cleaver group.

•                 White Stuff (14 & 15 Bancroft), 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 (STPP) above, this presents an outstanding value-add opportunity.

Elysia Wilson-Gunn, Divisional Director at Fleurets, commented: "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 (STPP), and the flexibility to acquire as a single lot or multiple lots, this site presents a compelling proposition for both investors and developers."

advertisement

 For further information or to arrange a viewing contact Fleurets on [email protected] or call on 020 7280 4700.