30 South Street, Bishop's Stortford, Hertfordshire, CM23 3AT
- SIZE AVAILABLE
1,802 sq ft
167 sq m
- SECTOR
High street retail property for sale
Key features
- Ground Floor retail unit with return frontage
- Recently refurbished
- Current lease expires 2034
- Annual rent of £41,000 pax
- Close to public car parks
- Walking distance to mainline station
- Popular commuter town
- Net Initial Yield of 7.3% after deducting purchaser's cost of 6%
Description
Located in the main retail area of Bishop's Stortford, there are high levels of footfall and passing vehicular traffic. The property is located close to public car parking and the town's mainline station is within walking distance. Close neighbours include M&S, B&M, Tesco Express, Clintons and Waterstones.
This is a rare opportunity to acquire a freehold investment on the High Street. The apartments above are sold off on a long leasehold basis. Please contact the agent for further details.
The property is let on a standard commercial fully repairing and insuring lease at a rent of £41,000 per annum exclusive. Net Initial Yield of 7.3% (after 6% purchaser's costs). The lease expires on 22 February 2034 with no break clauses. There are rent reviews due every four years from 23 February 2022.
Bishop's Stortford is a rapidly expanding market town situated on the Hertfordshire and Essex boarder. It is popular with commuters due to its excellent access to London and Cambridge via the M11 and mainline rail links. Stansted Airport is just a ten-minute drive from the town centre.
Brochures
30 South Street, Bishop's Stortford, Hertfordshire, CM23 3AT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bishop's Stortford Station0.3 miles
- Stansted Mountfitchet Station2.8 miles
- Sawbridgeworth Station3.8 miles
Welcome to Coke Gearing Consulting an independent firm of Chartered Surveyors and commercial property agents formed by the merger of Coke Consulting Ltd and Gearing and Company. We have offices in Bishops Stortford and Harlow and focus on the M11 & A120 corridors. The keys towns we cover are Bishop's Stortford, Stansted Airport and Harlow. However, our expertise also extends to a regional context including east Hertfordshire, north Essex, south Cambridgeshire and Suffolk. As commercial prope
Notes
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