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