6-8 Old Cross, Hertford, Hertfordshire, SG14

Freehold Mixed Use Investment For Sale - Hertford - Reversionary income of £36,200 pa.

One of the two shops, 8 Old Cross, is currently vacant.

An attractive Grade II Listed mixed use investment property comprising four elements: a Thai takeaway restaurant, a cafe with a large courtyard garden, a two bedroom flat with its own entrance on Old Cross and a one bedroom flat which is accessed from the rear via Old Library Lane.

6 Old Cross is let as a Thai takeaway restaurant run by an established operator on a 10 year lease effective July 2022. The accommodation (NIA) comprises 397 sq ft at ground floor, 306 sq ft at basement (fully utilised storage), 1st floor dining room of 152 sq ft, 1st floor kitchen of 182 sq ft, 2 x 1st floor WCs one of which has a shower and 2nd floor office / rest area 126 sq ft.

8 Old Cross was formerly in use as a cafe. The accommodation (NIA) comprises a ground floor front retail area of 233 sq ft, rear ground floor seating area of 527 sq ft and ground floor store of 113 sq ft. In addition there is a rear courtyard garden of 540 sq ft. This unit is currently vacant.

The larger flat, Flat 1, is in reasonably good condition while the smaller flat, Flat 2, requires some refurbishment. The rents for the flats at £930 and £795 per calendar month respectively are significantly below market levels.

The property was originally constructed as two houses in the 16th Century before being converted to shops.

Location:
This property is located in the centre of historic Hertford, close to Mill Bridge on the River Lea.

Being set back from the main road, with a wide pavement incorporating a seating area, this building has a more pleasant and welcoming setting than many of the properties in the centre of Hertford.

Hertford is known for its strong sense of community, vibrant range of shops and restaurants and highly regarded school provision.

Hertford is the county town of Hertfordshire and is one of the hubs in a thriving regional economy. Hertfordshire has a population of 1.2 million which is growing faster than the national average. According to Invest Hertfordshire the county 'is now listed in the top five UK locations for foreign direct investment jobs growth (2023-24) ... its GVA of £46bn pa is on a par with UK city regions and is driving growth across several key sectors spanning film and TV, the built environment, advanced manufacturing and life sciences...'.

The property is very well located in respect of public transport communications with Hertford East Railway Station, providing half hourly services to Liverpool Street via Tottenham Hale, being 550m to the east. Hertford North Railway Station is 830m to the west and provides services to London Moorgate via Finsbury Park. The property also has excellent road links to both the A10 and M25.