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Bishops Court 17A The Broadway 6,212 sq ft 93% Let Office Property Hatfield AL9 5HZ £1,250,000 (£201.22/sq ft) 6.96% Net Initial Yield

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Investment Highlights

  • Modern Construction (1980's)
  • Flexible tenant lease profile
  • Prominent position leading into Old Hatfield

Executive Summary

A fantastic and rare opportunity to acquire a freehold office investment close to the main entrance to the old town. It comprises a 1985 built, neo-Georgian style 4-storey building of conventional brick and tile construction. With prominent deep bay window frontage the ground floor provides flexible open plan office accommodation separated by an impressive deep entrance / reception area. At the rear are ladies and gents WCs and staircase that leads to the upper three office floors. The first floor comprises three suites of varying sizes off a private hallway with single larger suites located on the second and third floors. The property is currently fully let with three of the seven tenancies expiring in 2025. A full tenancy schedule available upon request. The property could suit a wide range of purchasers including investors, developers and owner occupiers. Six parking spaces are offered at the rear.
For sale freehold - £1.25m. The current rental income is £86,950 p.a. which is shortly expected to increase to £89,050 p.a. All terms are subject to VAT where applicable.

Property Facts

Sale Type
Investment or Owner Occupier
Property Type
Office
Tenure
Freehold
Property Size
6,212 sq ft
Costar Property Class
B
Year Built
1980
Price
£1,250,000
Price per sq ft
£201.22
Yield
6.96%
NOI
£86,950
Occupancy Rate
93%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
1,553 sq ft
Plot ratio
0.68
Total Plot Size
0.21 ac
Parking
6 Spaces (0.97 Spaces per 1,000 sq ft Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Ground-Ste 1
  • 440 sq ft
  • Office
  • Full Fit-Out
  • Now

Accessed via an impressive and deep entrance / reception area, the available accommodation comprises a flexible open-plan ground floor office suite featuring a prominent bay window to the front and an interlinking private office/meeting room to the rear. The suite forms part of an attractive neo-Georgian style four-story building, constructed in 1985 of conventional brick and tiled elevations. The property benefits from the following features: * Newly installed tea point * Gas- red radiator central heating * Door entry system * LED lighting * Data and electrical points There is one designated parking space at the rear. In addition, there is short-term parking immediately outside the building and unrestricted all-day parking available within a short walking distance. The property is privately owned, with the landlord occupying the entire first floor.

Space Size Space Use Condition Available
Ground-Ste 1 440 sq ft Office Full Fit-Out Now

Ground-Ste 1

Size
440 sq ft
Space Use
Office
Condition
Full Fit-Out
Available
Now

Ground-Ste 1

Size 440 sq ft
Space Use Office
Condition Full Fit-Out
Available Now

Accessed via an impressive and deep entrance / reception area, the available accommodation comprises a flexible open-plan ground floor office suite featuring a prominent bay window to the front and an interlinking private office/meeting room to the rear. The suite forms part of an attractive neo-Georgian style four-story building, constructed in 1985 of conventional brick and tiled elevations. The property benefits from the following features: * Newly installed tea point * Gas- red radiator central heating * Door entry system * LED lighting * Data and electrical points There is one designated parking space at the rear. In addition, there is short-term parking immediately outside the building and unrestricted all-day parking available within a short walking distance. The property is privately owned, with the landlord occupying the entire first floor.

  • Listing ID: 39668812

  • Date on Market: 05/03/2026

  • Last Updated:

  • Address: 17A The Broadway, Hatfield AL9 5HZ

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