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135 Crossbrook Street, Cheshunt, Waltham Cross, EN8 8LY
1,794 Sq Ft / Other / Investment
Withdrawn - Last updated: 12 February 2024
Summary
This mid-terrace property consists of a ground floor retail unit currently housing Bunty's restaurant takeaway, as well as a first-floor one-bedroom flat that is let on an AST. The ground floor boasts wood-effect flooring, a fully-fitted kitchen, floor-to-ceiling glass frontage, an office space, rear access, and a parking area.
Key Points
Current combined income of £27,600 per annumRear parkingWithin close proximity to Theobalds Grove StationFurther scope to extend to the rear (stpp)
Lease Information
A takeaway operator holds a 20-year lease on the ground floor, commencing on September 4th, 2012, at a passing rent of £15,000 per year. There are 5 yearly reviews, and a deposit of £7,500 is currently held. The lease falls within the Landlord and Tenant Act and does not contain any break clauses.
The studio first floor flat has a living room, kitchen and a bathroom. A new Assured Shorthold Tenancy commenced on 9th March 2023 at a monthly rent of £1,050.
The combined rental income is £27,600, which represents a yield of 6.1% based on the asking price.
Lease documents are available upon request.
Location
Cheshunt is a town in the Broxbourne district of Hertfordshire, England. It is located about 17 miles (27 km) north of central London and has a population of approximately 52,000 people. The M25 motorway passes to the south of the town, providing easy access to other parts of the country.
Cheshunt is a thriving commuter town, with good transport links to London with from Theobalds Grove station (Overground) being located 0.3 of a mile away.
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