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133-137 High Street Waltham Cross Hertfordshire EN8 7NP Waltham Cross

For Sale

The three well presented shops produce a total net income of £97,000.00 per annum with fixed reversions to £99,500.00 in October 2012 and £102,000.00 in October 2013. The quoting price is a total of £1.45 million for the benefit of the freehold interest, subject to the above occupational tenancies, effectively offering a net initial yield of 6.32% rising to 6.65% in October 2013. In addition to the secured income, the property offers development potential, particularly given the generous rear yard and relatively under-developed upper parts. Location Waltham Cross is a prosperous former market town located adjacent to the M25 at the borders of Hertfordshire and Greater London. It is located within the Borough of Broxbourne, which has a retail catchment of circa 90,000 and a population within 10 km of 433,000. The adjacent M25/A10 motorways offer access to the national motorway network and to a wider catchment area including Greater London and north eastern M25. Situation The premises are situated on a pedestrianised section of the High Street with significant frontage, together with a return frontage and generous rear yard. There is a multi-storey car park immediately opposite above the Waltham Cross shopping pavilion. Adjacent retailers include T Mobile, Adams, Fishpools, Bon Marche, Sainsbury’s, W H Smith, Peacocks and Boots. Description The premises comprise three adjacent and linked but separately constructed two-storey properties, primarily in retail use at ground floor with part retail/part storage upper parts. The premises are largely of traditional construction with tiled/slate roofs and brick/block/tiled elevations and range in age from turn of the 20th century to the 1980s. The three properties share a common service yard accessed from Swan Road to the rear, which gives access to Monarch’s Way and hence the A10. The total site area comprises approximately 16,000 square feet, and we believe offers potential for a range of alternative/mixed uses, subject to prior planning consent.

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90-96 South Street Unit D Bishops Stortford

For Sale

Ground floor self contained retail unit forming part of a new mixed use development constructed in 2008. Internally the tenant has recently fitted out the unit from shell specification to provide clean modern retail space with suspended ceiling. To the rear is a stock room, kitchenette and WC.