Available
Sawbridgeworth – 5 Retail Shops & Ground Rent
113-123 London Road & 1-5 West Road, Sawbridgeworth, Hertfordshire CM21 9JJFreehold Retail Parade of 5 Shops & Residential Ground Rent Investment
Price
£850,000
Rent P.A.
£49,120
Yield
5.78%
Tenure
Freehold
Area
1,872 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises retail parade of 5 ground floor shops and 18 residential flats above, all of which have been sold off
- Retail tenant include Barber`s, Tax Accountants, Sandwich Bar, Convenience Store and Mobile Phone Repair Shop
- 7 of the residential flats are held on leaseholds 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, providing regular direct services to London Liverpool Street and Cambridge
- Occupiers nearby include Waitrose & Shell, Domino`s Pizza, Co-Op Food, Barber Shop, Dental Surgery and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor retail parade of 5 shops trading as Barber`s (113), Tax Accountants (121), Sandwich Bar (123), Convenience Store (1-3) and Mobile Phone Repair Shop (5). The property includes 18 residential flats at ground, first and second floor, all of which have been sold off on long leaseholds, providing the following accommodation and dimensions:
Ground Floor:
Shop No. 113: 32 sq m (344 sq ft)
Shop No. 121: 40 sq m (430 sq ft)
Shop No. 123: 17 sq m (183 sq ft)
Shop No. 1-3: 68 sq m (732 sq ft)
Shop No. 5: 17 sq m (183 sq ft)
Ground/First/Second Floor:
18 Residential flats: Sold-off
Total Retail GIA: 174 sq m (1,872 sq ft)
Ground Floor:
Shop No. 113: 32 sq m (344 sq ft)
Shop No. 121: 40 sq m (430 sq ft)
Shop No. 123: 17 sq m (183 sq ft)
Shop No. 1-3: 68 sq m (732 sq ft)
Shop No. 5: 17 sq m (183 sq ft)
Ground/First/Second Floor:
18 Residential flats: Sold-off
Total Retail GIA: 174 sq m (1,872 sq ft)
Tenancies & Accommodation
Location Description
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.
