Sawbridgeworth – 113-123 London Road 2 Retail Properties Offered at £850,000 in Sawbridgeworth

Investment Consideration:
Gross Initial Yield: 5.78%
Rental Income: £49,120 p.a.
VAT is NOT applicable to this property
Comprises retail parade of 5 ground floor shops and 18 residential flats above, all of which have been sold off
Retail tenant include Barber`s, Tax Accountants, Sandwich Bar, Convenience Store and Mobile Phone Repair Shop
7 of the residential flats are held on leaseholds with less than 60 years unexpired, providing potential lease extension
Total Commercial GIA: 174 sq m (1,872 sq ft)
Situated on London Road, one of the town`s principal commercial thoroughfares, within walking distance from Sawbridgeworth Railway Station, providing regular direct services to London Liverpool Street and Cambridge
Occupiers nearby include Waitrose & Shell, Domino`s Pizza, Co-Op Food, Barber Shop, Dental Surgery and more.
Property Description:
Comprises ground floor retail parade of 5 shops trading as Barber`s (113), Tax Accountants (121), Sandwich Bar (123), Convenience Store (1-3) and Mobile Phone Repair Shop (5). The property includes 18 residential flats at ground, first and second floor, all of which have been sold off on long leaseholds, providing the following accommodation and dimensions:
Ground Floor:
Shop No. 113: 32 sq m (344 sq ft)
Shop No. 121: 40 sq m (430 sq ft)
Shop No. 123: 17 sq m (183 sq ft)
Shop No. 1-3: 68 sq m (732 sq ft)
Shop No. 5: 17 sq m (183 sq ft)
Ground/First/Second Floor:
18 Residential flats: Sold-off
Total Retail GIA: 174 sq m (1,872 sq ft)
Location:
Sawbridgeworth is an attractive and affluent Hertfordshire town situated on the west bank of the River Stort, approximately 4 miles north-east of Harlow and 8 miles south of Bishop`s Stortford. The town benefits from excellent road communications via the A1184, which links directly to the M11 motorway, providing access to London, Cambridge and the wider national motorway network. The property is prominently situated on London Road, one of the town`s principal commercial thoroughfares, within walking distance from Sawbridgeworth Railway Station, providing regular direct services to London Liverpool Street and Cambridge. Occupiers nearby including Waitrose & Shell, Domino`s Pizza, Co-Op Food, Barber Shop and more.