Development Properties: 89 High Street, Hoddesdon, EN11

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89 High Street, Hoddesdon, EN11

OIEO £1,600,000 subject to contract - Freehold

Ideally located in the heart of the town centre, close to Broxbourne station.

The property is currently arranged over two floors. The ground floor comprises 4,721 sq ft (1950 sq ft ITZA) and a first floor of 2,928 sq ft.

Let in its entirety to Peacocks, expiring in 2027, thus having 10 years remaining.

Rent passing £81,500 per annum, with the next Rent Review in 2017 and five yearly thereafter.

The Vendor has submitted a planning application to convert the upper parts and develop 7 apartments (1 x studio, 2 x 1 bed, 4 x 2 bed, 4162 NSA).

Peacocks are set to agree to reliquish the upper parts, any planning permission will include a rear extension to the ground floor to provide Peacocks with further storage.

Freehold