RETAIL INVESTMENT/DEVELOPMENT OPPORTUNITY (STP)
The property comprises seven ground floor retail units with seven storeys of office accommodation above. The building is of concrete frame construction. The office entrance and retail shops front West Square, and benefit from a loading/parking area to the rear.
Location
The Property is located in Harlow town centre fronting West Square and backing on to North Gate. The Harvey Shopping Centre as well Harlow Town market are nearby, and occupiers in the vicinity include Millets, Greggs, Lloyds TSB, Kings Estates Agents, Dolland & Aitchison Opticians, Clinton Cards, Bon Marche, Primark, Marks & Spencer, Wetherspoons, and Monsoon. The Water Gardens development features a number of A3 occupiers and a new Asda supermarket. The new leisure centre and swimming pool is opposite Asda.
Accommodation
The following is an approximate Gross Internal Areas measurement in accordance with RICS Code of Measuring Practice:
Typical Upper Level 6,441 sq ft 598 sq m
Floor plans are available upon request.
Terms
The premises are for sale freehold with the benefit of £120,250 pax income from 7 retail units (lease expiries between 2013 and 2025). The upper floors are vacant.
Tenancy schedule and leases available upon request.
Specification
FEATURES:
• 7 income producing retail units - use A2 and A3
• 7 levels of unoccupied offices in need of substantial refurbishment.
• Conversion potential for alternative uses (stp).
• An indicative residential scheme has been produced showing how the upper floors could be converted for residential use (subject to planning).