Detailed Description
A site in Hoddesdon Town Centre with planning permission for detached 3bed house…plus other existing properties.
VIA Properties are pleased to offer the investment market a superb mixed-use investment opportunity situated in Hoddesdon Town centre.
The site consists of the following:
- Land with planning permission granted for a detached 3 bedroom house
- 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
- Detached 2 bedroom bungalow to rear currently let as holiday letting
Parking and communal area to rear
This will be a freehold sale with the site and properties sold as one.
The site will be sold with vacant possession - except for the commercial unit.
Asking price of £1.5m for the collective sale.
Holiday letting :
Good opportunity for self-managed investment if continuing to let the units on holiday let basis.
Income the past year has been £57,000.
Bungalow 2 bed £21k
2 bed flat. £24k
Shop. £12 k
Please note that no income is produced on the one bedroom flat as the owner uses this for their own purposes.
Private letting :
If the units are to be let on private ASTs, then following figures are expected:
Bungalow - £16,200
Two bed flat £14,400 pa
One bed flat - £10,200 pa
Gross annual income - £40,800
The residential aspect:
The Bungalow:
Large kitchen dining room, main bedroom small second bedroom, shower room and WC
Two Bedroom Flat - first floor:
Large hallway and entrance area, private terrace, modern kitchen and living area, refitted shower room with sky light, two double bedrooms
One bedroom flat - first floor :
Living kitchen area, double bedroom Shower room WC
Gross internal floor areas (apartments):
Bungalow - 46 m2 / 500 sq ft
One bed flat - 33 m2/ 356 sq ft
Two bed flat - 58 m2/ 624 sq ft
Total 137 / 1480 sq ft
Plus terrace and communal area
The Commercial aspect
Lock up commercial unit currently operating as an established Polish deli - with own front door and frontage on Burford Street
Produces an income of £12,000 per annum.
Gross internal floor areas(shop):
79 m2/ 850 sq ft
Terms
Freehold
No VAT due on the building
The Location:
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)
Offers
The vendors are not bound to accept the highest or any offer and reserves the right to enter into negotiation with any party.
Legal Costs
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.
Ground rent & service charge
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Viewing and further information
Viewing strictly by prior appointment - please note access depends if the holiday lettings are occupied or not
The local authority is Borough of Broxbourne
Visit us or email us at:
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.
