Retail premises for sale

High Street, Hoddesdon EN11

Description: A ground floor take-away restaurant and retail premises to a maximum built depth of 83’ 4” and to total 1,648 sq ft as part of a strong retail terrace overlooking the town square and war memorial.
At first and second floor above there are 2 x one bed and 1 x two bed flats, 2 of which require improvement to facilitate rental uplift.
Tenancies: The ground floor commercial parts are let on an effective Fri lease to expire 15/07/36 without further break at the current rent of £35,000 pax rising to a minimum of £46,779 pax at the 16/07/26 review. A £21,000 rent security deposit is held. This is a protected lease.
Flat 1 - A one bedroom flat in good condition let for a term to expire 11/12/26 at the current rent of £11,700 per annum.
Flat 2 - A two bedroom flat requiring upgrade let on a rolling term at the current rent of £9,600 per annum. Suggested erv after refurbishment - £15,000 per annum.
Flat 3 - A one bedroom flat requiring refurbishment let on a rolling term at the current rent of £7,800 per annum. Suggested erv post refurbishment - £12,000 per annum.
Shop - £35,000 pax with uplift to £46,779 pax
Flat 1 - £11,700 pa - (erv £12,000 pa)
Flat 2 - £9,600 pa (erv £15,000 pa - post refurb)
Flat 3 - £7,800 pa (erv £12,000 pa - post refurb)
Total - £64,100 pax with potential uplifts to £85,779 pax