Retail premises for sale in South Street, Bishop's Stortford CM23

A ground floor retail unit with return frontage. The premises has recently been refurbished and fitted out as a café/dessert restaurant.

Located in the main retail area of Bishop’s Stortford, there are high levels of footfall and passing vehicular traffic. The property is located close to public car parking and the town’s mainline station is within walking distance. Close neighbours include M&S, B&M, Tesco Express, Clintons and Waterstones.

This is a rare opportunity to acquire a freehold investment on the High Street. The apartments above are sold off on a long leasehold basis. Please contact the agent for further details.

The property is let on a standard commercial fully repairing and insuring lease at a rent of £41,000 per annum exclusive. Net Initial Yield of 7.3% (after 6% purchaser’s costs). The lease expires on 22 February 2034 with no break clauses. There are rent reviews due every four years from 23 February 2022.

Bishop’s Stortford is a rapidly expanding market town situated on the Hertfordshire and Essex boarder. It is popular with commuters due to its excellent access to London and Cambridge via the M11 and mainline rail links. Stansted Airport is just a ten-minute drive from the town centre.