22 Tudor Hall Conduit Lane Hoddesdon Hertfordshire EN11 8FN
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1 VIA Properties are pleased to offer the investment market a superb mixed-use investment opportunity. The opportunity has arisen to acquire a selection of apartments with an option to include ground floor commercial unit. The options available to prospective buyers are either: Purchasing all six apartments and the commercial premises. Purchasing all six apartments without the commercial premises. Purchasing the commercial premises only. The residential aspect: The development comprises of six apartments in total, set across the first, second and third floor (top floor). There are 3x one bedroom apartments and 3x two bedroom apartments All of the apartments were modernised by the current owners a few years back and are all fitted with modern kitchens and modern bathrooms. The bathrooms are fully tiled with either a shower cubicle or a shower over the bath. The properties are unfurnished with fitted kitchen appliances. All the residential units are currently let under AST's producing a combined rental income of 52, PA Please contact us for specific and further tenancy details. A local specialist letting agency has managed the apartments for the past five years. The photos marketed give an indication of the two different property types, one bedrooms and two bedrooms.
2 Gross internal floor areas (apartments): Flat 1-40 m2 / 430 sq ft Flat 2-57 m2/ 613 sq ft Flat 3-40 m2/ 430 sq ft Flat 4-67 m2/ 721 sq ft Flat 5-28 m2/ 301 sq ft Flat 6-62 m2/ 667 sq ft Total 294m2 / 3162 sq ft
3 9 Fore Street commercial unit There is also the opportunity to purchase the ground floor shop unit along with the residential opportunity. This self-contained unit has recently undertaken a new fit out by the lessee and trades as a bathroom/ tile show room. The shop unit is accessed via its own front door on Fore Street and comprises of: Show room area ground level Kitchenette first floor WC ground level Large basement showroom. Rear storage area. 9 Fore Street produces an income of 7800 per annum. Gross internal floor areas(shop): 69 m2/ 613 sq ft
4 Terms: A new 999-year lease was created in April 2017 between the FREEHOLDER and the HEAD LEASE HOLDERS (the vendor). No individual leases have been created yet for the individual units. The Location: Finella House is situated within the heart of Hertford, the county's market Town. Hertford offers a great selection of bars, clubs, many 'local pubs' and excellent eatery options. Supermarkets choice includes Waitrose, Tesco, Sainsburys and M & S. The main popular Coffee Houses can also be enjoyed in this vibrant, sociable and historic market town. Hertford boasts two train stations both of which are within short walk. Hertford East offers service to London Liverpool Street, Tottenham Hale, Stratford (for Canary Wharf). Stansted Airport and Cambridge can be accessed with connecting services. The towns second station, Hertford North offers service to Kings Cross, Moorgate, Finsbury Park and has connections to Stevenage.
5 The individual apartments. Each of the apartments are let on assured shorthold tenancy agreements. Terms The premises are offered for sale on the basis on a new 999 year leasehold interest. 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 An annual ground rent of TBC is payable. A service charge of TBC is payable.
6 Viewing and further information Please contact Enzo Giardina or Tony Cicchirillo of VIA Properties, for full tenancy details. Viewing strictly by prior appointment The local authority is East Herts District Council. Visit us or us at: twitter.com/propertiesbyvia 22 Tudor Hall, Conduit Lane, Hoddesdon, Hertfordshire, EN11 8FN
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