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Agent's details

A fully let investment property comprising 3 x ground floor retail units, 5 x one-bedroom apartments and 1 x two-bedroom apartment. Eight designated parking spaces. Close to town centre and mainline station.

For sale: £2,035,000.00|5,114 Sq Ft|General Retail, Retail

Property details

FOR SALE£2,035,000.00
SIZE5,114 Sq Ft
ADDRESS25/27 Hockerill Street, Bishop's Stortford, Herts CM23 2DH
TYPEGeneral Retail, Retail
TENUREFreehold, For Sale Freehold, For Sale Freehold
POSTED ON19th December 2022

Description

An impressive Grade II listed, two-storey property under a traditional tiled, pitched roof. This is a recently completed development, with the property being fully renovated, providing 3 x ground floor retail units, 5 x one-bedroom apartments and 1 x two-bedroom apartment. All the works have been carried out to an excellent modern standard and come with a 10-year warranty.

The property comes with eight dedicated car parking spaces, plus a loading/turning area to the rear of the property.

The property is fully let to eight separate tenants (see Tenancy Schedule in the particulars) with an annual income of £121,340 per annum.

Hockerill Street lies close to Bishop’s Stortford town centre and is within walking distance of the mainline station, which offers regular rail services to London Liverpool Street, Cambridge and Stansted Airport. The town itself is a rapidly expanding market town situated on the Hertfordshire and Essex border. The current population is circa 40,000 with a predicted growth to 45,000 in the coming years.

Location

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Location: 25/27 Hockerill Street, Bishop's Stortford, Herts CM23 2DH

Bishops Stortford (0.2 miles)

Stansted Mountfitchet (2.6 miles)

Stansted Airport (4.2 miles)

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