A FREEHOLD INVESTMENT FOR SALE IN A VISIBLE HIGH STREET POSITION LET AT £18,000 PAX FOR A TERM TO EXPIRE OCTOBER 2032
Location
This building stands on the southern side of Stanstead Abbotts High Street between Millers Lane and South Street just along from the Coop Supermarket and the Post Office.
Other trades represented along the High Street include pharmacy, hairdressing, newsagents, estate agents, café, charity shop and fish & chips.
igh Street provides plenty of short term visitor/shoppers car parking and there is a further town car park a short distance on the opposite side of the road.
Stanstead Abbotts sits to the immediate north of Hoddesdon and south of Ware with near immediate access out onto the dual carriageway A414 and subsequently the A10.
The rail network is within 350 yards of the property providing a London Liverpool Street service.
Accommodation
A mid terrace building arranged over ground and first floor levels.
We are informed upon 1,069 sq ft internal areas but we have yet to verify this on site.
The building has very recently been the subject of extensive renovation and upgrade works.
The ground floor areas are used for retail A3 purposes with the upper floor being used for residential linked to the ground floor trade.
* Three phase power
* Gas
* Main drainage
* Small inner courtyard
* Previous consent for partial residential conversion to retain a smaller ground floor shop area
Terms
The freehold investment held under title number HD576432 is offered for sale.
The whole building is let to The Taste of Athens Limited under company number 14168061 and guaranteed by E S & D O.
The full repairing and insuring lease is for a term commencing 25 July 2022 and to expire 9 October 2032 at the current passing rent of £18,000 per annum exclusive
A £4,500 rent deposit is held.
PRICE: £300,000, subject to contract only.
Specification
* Three phase power * Gas * Main drainage * Small inner courtyard * Previous consent for partial residential conversion to retain a smaller ground floor shop area