Property photos
£795,000
(£232.25/sq. ft)
Restaurant for sale
Old Cross, Hertford SG143,423 sq. ft
Local area information
Property location
Nearby amenities
- Mill Mead Primary School 0.2 miles
- Richard Hale School 0.3 miles
- Hertford East 0.3 miles
- Hertford North 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Hertford to find out more about the local area.
Features and description
- Attractive Freehold Grade II Listed Property - 2 commercial elements and 2 flats
- Reversionary income of £55,700 pa
- Scope to increase the rents from the flats
- Excellent location in the centre of historic Hertford
- Only 550m from Hertford East Railway Station
- Pleasant situation set back from the main roads
An attractive Grade II Listed mixed use investment property comprising four elements: A Thai takeaway restaurant, a café with a large courtyard garden, a two bedroom flat with its own entrance on Old Cross and a one bedroom flat which is accessed from the rear via Old Library Lane.
The larger flat, Flat 1, is in reasonably good condition while the smaller flat, Flat 2, requires some refurbishment. The rents for the flats at £930 and £795 per calendar month respectively are significantly below market levels.
The property was originally constructed as two houses in the 16th Century before being converted to shops.
Location:
This property is located in the centre of historic Hertford, close to Mill Bridge on the River Lea.
Being set back from the main road, with a wide pavement incorporating a seating area, this building has a more pleasant and welcoming setting than many of the properties in the centre of Hertford.
Hertford is known for its strong sense of community, vibrant range of shops and restaurants and highly regarded school provision.
Hertford is the county town of Hertfordshire and is one of the hubs in a thriving regional economy. Hertfordshire has a population of 1.2 million which is growing faster than the national average. According to Invest Hertfordshire the county 'is now listed in the top five UK locations for foreign direct investment jobs growth (2023-24) ... Its gva of £46bn pa is on a par with UK city regions and is driving growth across several key sectors spanning film and TV, the built environment, advanced manufacturing and life sciences...'.
The property is very well located in respect of public transport communications with Hertford East Railway Station, providing half hourly services to Liverpool Street via Tottenham Hale, being 550m to the east. Hertford North Railway Station is 830m to the west and provides services to London Moorgate via Finsbury Park. The property also has excellent road links to both the A10 and M25.
The larger flat, Flat 1, is in reasonably good condition while the smaller flat, Flat 2, requires some refurbishment. The rents for the flats at £930 and £795 per calendar month respectively are significantly below market levels.
The property was originally constructed as two houses in the 16th Century before being converted to shops.
Location:
This property is located in the centre of historic Hertford, close to Mill Bridge on the River Lea.
Being set back from the main road, with a wide pavement incorporating a seating area, this building has a more pleasant and welcoming setting than many of the properties in the centre of Hertford.
Hertford is known for its strong sense of community, vibrant range of shops and restaurants and highly regarded school provision.
Hertford is the county town of Hertfordshire and is one of the hubs in a thriving regional economy. Hertfordshire has a population of 1.2 million which is growing faster than the national average. According to Invest Hertfordshire the county 'is now listed in the top five UK locations for foreign direct investment jobs growth (2023-24) ... Its gva of £46bn pa is on a par with UK city regions and is driving growth across several key sectors spanning film and TV, the built environment, advanced manufacturing and life sciences...'.
The property is very well located in respect of public transport communications with Hertford East Railway Station, providing half hourly services to Liverpool Street via Tottenham Hale, being 550m to the east. Hertford North Railway Station is 830m to the west and provides services to London Moorgate via Finsbury Park. The property also has excellent road links to both the A10 and M25.
More information
Listed by
Gilmartin Ley
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