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Brownfields - Bircherley Green Lea Wharf 34,583 sq ft Retail Unit Offered at £12,900,000 in Hertford SG14 1BN
Investment Highlights
- Newly developed riverside complex situated in Hertford town center regeneration zone.
- Excellent connectivity: 5 minutes from Hertford East Station with direct link to London Liverpool Street.
- Landscaped riverside seating and new public realm enhance footfall and destination appeal.
- Strong tenant mix anchored by NHS Surgery, Starbucks, PureGym, Boots, and Card Factory.
- Includes 195-space car park, EV charging points, and improved public piazza areas.
- EPC Rating A for ground floor commercial units.
Executive Summary
Lea Wharf is a 2023 mixed-use redevelopment in Hertford town center along the River Lea. It includes 8 ground-floor retail units totaling approx. 34,583 sq ft, a 195-space multi-level car park, and ground rent income from 98 apartments on long leasehold. The property is near Hertford East station (direct service to London Liverpool Street) and Hertford North (service to London King’s Cross). The surrounding area includes national retailers and leisure operators. The site benefits from dual carriageway access via the A414 and highway links to the A10, M25, and M11.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 6.38% |
| Sale Type | Investment |
| Net Initial Yield | 6.38% |
| Tenure | Freehold |
Description
Lea Wharf presents an exceptional freehold investment opportunity in Hertford town center, featuring a newly built mixed-use riverside development. Completed in 2023 to a high specification, the scheme encompasses 8 substantial retail and restaurant units, a 195-space multi-level car park under Euro Car Parks management, and ground rent income from 98 sold-off apartments.
Sale Notes
Occupancy is underpinned by strong covenant tenants such as NHS Surgery, Starbucks, Boots, PureGym, Card Factory, and popular dining operators. The property commands a prominent riverside position, benefiting from landscaped public spaces, waterside lounges, and enhanced pedestrian connectivity within the regeneration zone. Hertford East and Hertford North stations lie within walking distance, offering direct services to London Liverpool Street and King’s Cross respectively, complemented by superb road links to the A10, A414, M11, and M25.
With a projected rental income of £822,750 per annum and a gross initial yield of 6.38%, this asset combines stable income with long-term growth potential. Its strategic location, diverse tenant mix, and contemporary design elevate its investment profile in a thriving commuter town.
With a projected rental income of £822,750 per annum and a gross initial yield of 6.38%, this asset combines stable income with long-term growth potential. Its strategic location, diverse tenant mix, and contemporary design elevate its investment profile in a thriving commuter town.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 8 Retail 195 CarPark | 34,583 sq ft | Retail | £12,900,000 (£373.02/sq ft) | £822,750 |
Unit 8 Retail 195 CarPark
| Unit Size |
| 34,583 sq ft |
| Unit Use |
| Retail |
| Price |
| £12,900,000 (£373.02/sq ft) |
| NOI |
| £822,750 |
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Unit 8 Retail 195 CarPark
| Unit Size | 34,583 sq ft |
| Unit Use | Retail |
| Price | £12,900,000 (£373.02/sq ft) |
| NOI | £822,750 |
| Sale Type | Investment |
| Net Initial Yield | 6.38% |
| Tenure | Freehold |
| Description | |
| Lea Wharf presents an exceptional freehold investment opportunity in Hertford town center, featuring a newly built mixed-use riverside development. Completed in 2023 to a high specification, the scheme encompasses 8 substantial retail and restaurant units, a 195-space multi-level car park under Euro Car Parks management, and ground rent income from 98 sold-off apartments.</li></ul> | |
| Sale Notes | |
| Occupancy is underpinned by strong covenant tenants such as NHS Surgery, Starbucks, Boots, PureGym, Card Factory, and popular dining operators. The property commands a prominent riverside position, benefiting from landscaped public spaces, waterside lounges, and enhanced pedestrian connectivity within the regeneration zone. Hertford East and Hertford North stations lie within walking distance, offering direct services to London Liverpool Street and King’s Cross respectively, complemented by superb road links to the A10, A414, M11, and M25.<br> <br> With a projected rental income of £822,750 per annum and a gross initial yield of 6.38%, this asset combines stable income with long-term growth potential. Its strategic location, diverse tenant mix, and contemporary design elevate its investment profile in a thriving commuter town.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 68,950 sq ft | Typical Floor Size | 34,475 sq ft |
| Property Type | Retail (Unit) | Year Built | 1981 |
| Property Subtype | Shopfront | Total Plot Size | 2.40 ac |
| Costar Property Class | B | Parking Allocation | 2.65/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 68,950 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 34,475 sq ft |
| Year Built | 1981 |
| Total Plot Size | 2.40 ac |
| Parking Allocation | 2.65/1,000 sq ft |
Amenities
- Storage Space
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Brownfields - Bircherley Green Lea Wharf
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