The Courtyard, Harrington Close, Bishop's Stortford, Hertfordshire, CM23 5FR
£451.48 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
10,521 sq ft
977 sq m
- SECTOR
Residential development for sale
Key features
- Fully-let block of 24 apartments
- Freehold (with 24 x separate long leasehold titles)
- 10,521 sq. ft NSA
- Current gross rental income of £347,400 PA
- Current net rental income of c.£305,712 PA
- 0.3 miles from Bishop's Stortford Rail station
- Asset management potential
Description
23 units provide 1-bedroom and there is one 2-bedroom unit on the first floor.
The property is gated and provides parking for 22 cars. The site extends to approximately 0.401 acres.
The flats are held long leasehold for a term of 250 years, commencing 03/08/23, with 248 years unexpired however the Freehold interest is also available.
Location
The property is located in Harrington Close, just off London Road. London Road is the main throughfare that connects Bishop's Stortford with the surrounding towns and villages.
Bishop's Stortford town centre is located less than 0.5 miles north of the property- providing amenities including a number of local and national retailers.
The larger town of Harlow is located less than 10 miles away for further amenities.
Executive Summary
Prime Freehold Residential Development Opportunity located on the outskirts of Hockley Heath in the borough of Solihull.
Brochures
The Courtyard, Harrington Close, Bishop's Stortford, Hertfordshire, CM23 5FR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bishop's Stortford Station0.6 miles
- Stansted Mountfitchet Station2.2 miles
- Stansted Airport Station3.8 miles
Notes
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