Investment Consideration:
Gross Initial Yield: 6.53%
Rental Income: £44,400 p.a.
VAT is NOT applicable to this property
Comprises double fronted ground floor retail shop t/a hair & beauty and large warehouse at the rear.
Includes 10 residential apartments above, all of which have been sold-off on long leaseholds
1 residential flat held on leasehold with less than 60 years unexpired, providing potential lease extension
Situated on London Road, one of the town’s principal commercial thoroughfares, within walking distance from Sawbridgeworth Railway Station, which provides direct and regular services to London Liverpool Street and Cambridge Central Station
Occupiers nearby include Waitrose & Shell, Domino`s Pizza, Co-Op Food, Barber Shop, Dental Surgery, Public House and many more.
Property Description:
Comprises double fronted ground floor retail shop t/a hair & beauty, large warehouse at rear and 10 residential flats above which have been sold off, providing the following accommodation and dimensions:
Ground Floor:
Warehouse No.111: 294 sq m (3,167 sq ft)
Shop No. 111A: 110 sq m (1,184 sq ft)
First/Second Floor: 10 Residential flats (sold-off)
Total Commercial GIA: 404 sq m (4,351 sq ft)
Location:
Sawbridgeworth is an attractive and affluent Hertfordshire town situated on the west bank of the River Stort, approximately 4 miles north-east of Harlow and 8 miles south of Bishop’s Stortford. The town benefits from excellent road communications via the A1184, which links directly to the M11 motorway, providing access to London, Cambridge and the wider national motorway network. The property is prominently situated on London Road, one of the town’s principal commercial thoroughfares, within walking distance from Sawbridgeworth Railway Station, providing regular direct services to London Liverpool Street and Cambridge. Occupiers nearby including Waitrose & Shell, Domino`s Pizza, Co-Op Food, Barber Shop and more.
