Retail premises for sale

Burford Street, Hoddesdon EN11

Detailed Description

An investment opportunity in Hoddesdon Town Centre consisting of two flats and a shop

<b>VIA Properties</b> are pleased to offer the investment market a superb mixed-use investment opportunity situated in Hoddesdon Town centre.

<b>The opportunity consists of the following: </b>
- Lock up retail / commercial unit/ shop on Burford Street - currently trading as a Polish Deli
- One bedroom first flat (owner occupied)
- Two bedroom first floor flat currently let as holiday letting

Parking and communal area to rear

Sold on a long lease

The flats will be sold with vacant possession
Commercial unit sold with tenant is situ

<b>Holiday letting :</b>
Good opportunity for self-managed investment if continuing to let the units on holiday let basis or as a serviced accommodation basis / Air bnb

Income the past year has been

2 bed flat. £24,000 pa
Shop. £24,000 pa

Please note that no income is produced on the one bedroom flat as the owner uses this for their own purposes.

<b>The residential aspect:</b>

<b>Two Bedroom Flat - first floor:</u>
Large hallway and entrance area,
private terrace
modern kitchen and living area
refitted shower room with sky light
two double bedrooms

<b>One bedroom flat - first floor :</u>
Living kitchen area
Double bedroom
Shower room WC

<b>Gross internal floor areas (apartments):</b>

One bed flat - 33 m2/ 356 sq ft
Two bed flat - 58 m2/ 624 sq ft
Plus terrace and communal area

<b>The Commercial aspect </b>
Lock up commercial unit currently operating as an established Polish deli - with own front door and frontage on Burford Street
Produces an income of £24,000 per annum.

<b>Gross internal floor areas(shop):</b>
79 m2/ 850 sq ft

<b>Terms</b>
Long lease
No VAT due on the building

<b>The Location:</b>
Burford Street is situated within the heart of Hoddesdon Towne centre
The site is at the back of Burford Street ( Town centre end) and can be access accessed from Bell Lane (next to the Bell Public Inn)

<b>Offers</b>
The vendors are not bound to accept the highest or any offer and reserves the right to enter into negotiation with any party.

<b>Legal Costs</b>
Each party will be responsible for their own legal costs incurred in the transaction. The buyer will be liable for any stamp duty and tax that may fall due as a result of a purchase.

<b>Ground rent & service charge </b>
Na


<b>Viewing and further information</b>
Viewing strictly by prior appointment - please note access depends if the holiday lettings are occupied or not
The local authority is Borough of Broxbourne

<b>Visit us or email us at: </b>


1. Money laundering regulations - Intending purchasers and tenants will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing a purchase or let
2: These particulars do not constitute part or all of an offer or contract or tenancy.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers and tenants are advised to recheck the measurements before committing to any expense.
5: VIA Properties Ltd have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: VIA Properties Ltd has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.