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76 High St 3,578 sq ft Retail Property Hoddesdon EN11 8ET £750,000 (£209.61/sq ft) 9.33% Net Initial Yield
Investment Highlights
- Located in a prime town centre
- Close proximity to the station
- Close to local amenities
- Heavy daytime foot traffic
Executive Summary
3,245 sq ft of ground floor (additional 333 sq ft basement parts) retail and restaurant space let and trading as Mysa Mediterranean Restaurant. The building was stunningly refurbished several years back to include a brand new build orangery to the rear elevation which nicely compliments the original Grade II listed building features.
The whole is let for a term of 20 years to expire 13 October 2039 without further break. The current passing rent is £70,000 per annum exclusive.
The whole is let for a term of 20 years to expire 13 October 2039 without further break. The current passing rent is £70,000 per annum exclusive.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,578 sq ft
Costar Property Class
B
Year Built
1686
Price
£750,000
Price per sq ft
£209.61
Yield
9.33%
NOI
£69,975
Tenancy
Single
Number of Floors
4
Plot ratio
0.26
Total Plot Size
0.31 ac
Frontage
45 ft on High Street
Amenities
- Bus Route
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Nearby Major Retailers
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76 High St
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