A mixed used residential and commercial building in Hitchin's Grove Road, which is home to the former popular Café Valeriya, is on the market.
The ground floor café, which closed for business in February 2021, is let on a commercial lease.
The property is listed by Satchells Estate Agents at the guide price of £295,000, and has the potential for redevelopment.
Located in a parade of shops along Grove Road, the site has a "good visual presence for passing trade, along with being within a residential area close to the industrial areas of Hitchin", according to the listing.
There is also a two-bedroom flat on the first floor, that comes with a kitchen, lounge, and bathroom, but the dwelling reportedly needs work.
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"The flat above, whilst requiring some updating, could either be let as one dwelling or, subject to planning permission being granted, could be divided up to create a one-bedroom apartment with kitchen, lounge and bathroom occupying the fist floor, and a studio apartment created in the loft room, which would have its own entrance from the first floor landing and first floor bathroom," the listing reads.
"These options combined with the rental income from the ground floor could generate a potential gross rental income of between £24,000 and £29,000 per annum.
"We understand that the flat is also metered separately from the ground floor premises for water and electric."
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