120-122 High Street, Hoddesdon, Hertfordshire, EN11 8HD
- PROPERTY TYPE
Commercial Property
- SIZE
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Description
Location & Description
A substantial 3 storey property arranged as two ground floor shops with separate front access to 9 flats above (sold on long leases).
Occupying a prominent trading position within the heart of the town centre on this part pedestrianised High Street where nearby multiple retailers include Peacocks, Caff Nero and the Post Office amongst others.
Hoddesdon is a popular market town about 5 miles from Hertford and 20 miles from Central London.
Accommodation
120 High Street: 2,284 sq ft (212.2 sq m)
122 High Street: 1,319 sq ft (122.5 sq m)
Flats 1-9 Lawnstore Court: Not inspected
Tenancy Details
120 High Street: Let on a repairing and insuring lease to Savers Health and Beauty Ltd for 5 years from 16.03.2026 at £34,225 p.a. Tenant break on 16.03.2029 subject to 6 months' notice.
122 High Street: Let on a repairing and insuring lease to Specsavers Optical Superstores Ltd for 5 years from 27.05.2023 at £23,650 p.a.
Flats 1-9 Lawnstore Court: Each sold on a 125 year lease from 01.01.2006 at a current ground rent of £200 p.a. The rent is to be doubled every 25 years for 7 of the 9 flats.
Note
1. We understand that Specsavers have traded from the property since 2005 and have about 970 branches.
2. We understand that Savers have traded from the property since 2005 and have over 500 branches.
Auction Surveyor: Robert Woolfe
Contact: robert.
PRODUCING £59,675 P.A.
EPC Rating
120 High Street = B 122 High Street = C
Viewing Times
Brochures
Legal Documents120-122 High Street, Hoddesdon, Hertfordshire, EN11 8HD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Rye House Station0.9 miles
- Broxbourne Station1.0 miles
- St. Margarets (Herts) Station1.9 miles
Notes
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