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FOR SALE, 263 High Street, Waltham Cross, Waltham Cross, EN8 7AT
675 Sq Ft / Retail / Retail - High Street
Sold - Last updated: 17 April 2019
Retail investment virtual freehold for sale. Ideal for a SIPP Pension, nominal Stamp Duty Payable.
Location
The premises are situated in a prominent position on the High Street in a well established retail location with a slip road providing unrestricted parking. Theobalds Grove overground station is within a short walk. Waltham Cross is located in the south east of Hertfordshire and immediately north of M25 Junction 25.
Accommodation
Comprises a lock-up shop providing the following approximate dimensions:
Gross frontage - 15' 9"
Internal width - 14’7”
Shop & built depth - 46’ 3”
Floor area – 675 sq ft
The premises benefit from rear vehicular access and parking for one vehicle.
Terms
TENANCY - Let to D & M Lagodka t/a Nasza Polska who have three other shops, http://www.naszapolska.net/ on a full repairing and insuring lease for a term expiring April 2024 subject to an upward only rent review in April 2019 at a current rental of £11,000 per annum exclusive.
PRICE - £155,000 for the benefit of a new 999 year lease at a peppercorn ground rent reflecting a net yield of 7% allowing for nominal SDLT (Stamp Duty) of £100 and usual legal costs.
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