Property Description
DEANS YARD
Baldock, Hertfordshire SG7 6BZ
A multi-let property on the edge of Baldock, which has been allocated in the current local plan for the development of 20 houses, but also allows for active management.
Comprising a period house converted to 2 flats; a former petrol station (tanks decommissioned) and array of other commercial properties. There is over 12,000 sq.ft of built area.
Approximately 0.93 acres (0.37 hectares) in total.
Method of Sale
The freehold of the property is offered for sale by private treaty, but likely to be concluded by Formal Tender.
Legal information will be made available by way of a data room with the Vendor’s legal representative; Farnfields.
Tenure and possession
The property is available Freehold, subject to the Tenancies detailed.
Letting Details for Deans Yard
| PROPERTY | SIZE | RENT & SERVICE PER ANNUM | Lease Position | Rateable Value – 1 April 2023 | EPC Rating |
| Former Garage – now MOT Test Centre | 16,343 sq.ft – total ground space | £16,000 | Let until 16 May 2027, with Break Options – Outside the ’54 Act. | £17,750 | D |
| Unit 1 – Car Repair & Service Workshop | 1,012 sq.ft | £10,000 | Unwritten Tenancy – Likely to be within the ’54 Act | £11,250 | D |
| Unit 2 | 1,205 sq.ft | £12,396 | Let until 15 October 2026, with Break Options – Outside the ’54 Act | £9,500 | D |
| Unit 3 | 4,689 sq.ft | £18,600
|
Let until 15 October 2026, with Break Options – Outside the ’54 Act | £23,500 | C |
| 53, Prospect House | 1 Bed, ground floor flat | £6,600 | Rolling Periodic Assured Shorthold Tenancy | Band A | E |
| 53a, Prospect House | 1 Bed, first floor flat | £7,800 | Rolling Periodic Assured Shorthold Tenancy | Band B | E |
| TOTAL INCOME PA | £71,396 | ||||
Services
All services are connected.
Contamination
No information is available on this matter, other than details on the decommissioning of the fuel tanks.
Easements, Covenants and Rights of Way
The property is sold subject to all existing wayleaves, easements, public or private rights of way, covenants and restrictions, whether stated in these particulars or not.
Planning
Emails and an excerpt from the Council are attached regarding the site allocation.
Viewings
Due to the sensitive nature of the site, viewings will only be possible once due diligence (DD) has been undertaken.
Anti-Money Laundering (AML)
In accordance with AML legislation the purchaser will be required to satisfy AML and DD checks.
Health and Safety
The Property contains several motor trade businesses, so care must be given to moving vehicles.
