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Agent's details

A fully let commercial site of approximately 2.33 acres to be sold as an investment.

For sale: £2,250,000.00|2.33 Acres|Industrial, Other, Storage, Other Property Types & Opportunities

Property details

FOR SALE£2,250,000.00
SIZE2.33 Acres
ADDRESSCannons Yard, Bedlars Green, Great Hallingbury, Herts CM22 7UZ
TYPEIndustrial, Other, Storage, Other Property Types & Opportunities
TENUREFreehold, For Sale Freehold, For Sale Freehold
POSTED ON6th June 2024

Description

On offer is a mixed-use commercial site that has been operating in a commercial capacity for over 25+ years. The entire site totals approximately 2.33 acres, of which approximately 1.85 acres is in established commercial use. There is an area of approximately 0.21 acres which we believe could be used to expand the commercial offering subject to planning consent.

The site comprises a main office building of circa 2,700 sq ft and various outbuildings adjacent. This is where the mains power, water and sewerage enter the site and from where they are distributed.

The remainder of the site is made up of individual yard areas, mainly with Type 1 surfaces. All the yards have power and water; the electrics are sub-metered. Some occupiers have containers/offices within their yard areas. There is a section to the rear which has a collection of containers which are part-leased to individual occupiers.

The site is fully occupied and income producing, with a current income of £181,294 per annum. It is the agent’s view that further areas could be created, increasing the lettable space on site. The majority of tenants are on flexible leases but would look to take longer term security if offered by the new purchaser. (Please request the full Tenancy Schedule from the Agent for existing tenancies and ERVs.)

The sale price would provide an investor with a 7.60% Net return on investment after deducting purchaser’s costs of 6%.

Cannons Yard is situated just ½ a mile from M11 Junction 8 and the wider motorway network thereafter, with excellent access to the A120 and Stansted Airport. The closest larger town, Bishop’s Stortford, is just 2 miles away and has a population of 40,000+ people.

Location

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Location: Cannons Yard, Bedlars Green, Great Hallingbury, Herts CM22 7UZ

Bishops Stortford (2.2 miles)

Stansted Airport (2.7 miles)

Stansted Mountfitchet (2.8 miles)

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