Development Properties: 53-57 Turners Hill Cheshunt, Hertfordshire EN8 8NR

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53-57 Turners Hill Cheshunt, Hertfordshire EN8 8NR

OIEO £2,500,000 subject to contract - Freehold

  • Development opportunity with permitted development, planning permission & commercial income.
  • Located 1.5 miles from Cheshunt Station (Overground & Greater Anglia Trains) with direct services into London Liverpool Street within 28 minutes.
  • Ground floor commercial parade fully let and producing £96,750 p/a.
  • Weighted Average Unexpired Lease Term (WAULT) of 2.27 years to the expiry.
  • First floor offices with permitted development rights to convert into 5 apartments.
  • Planning permission granted to build two new additional floors at second and third floor level consisting of 6 apartments.
  • CIL Liability - £42,000.
  • Potential value add opportunity subject to renegotiation to create a further 4 apartments STPP.
  • Freehold.
  • Potential ERV once fully developed £253,150 p/a.
  • We are seeking offers in excess of £2,500,000 (Two Million, Five Hundred Thousand Pounds) subject to contract.