Comprises two retail units let to Holland & Barrett Retail Limited
Historic Market Town some 25 miles north of Central London
Pedestrianised Town Centre location
Neighbouring occupiers include Waitrose, Boots the Chemist, New Look and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 31
Auction 13th October 2016
Rent
Status Sold
Price £830,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
25 miles north of Central London, 28 miles west of Chelmsford, 15 miles south west of Bishop’s Stortford, 14 miles north east of St Albans
Roads
A1, A10, A414, M25
Rail
Hertford North Railway Station, Hertford East Railway Station
Air
London Stansted Airport, London Luton Airport,
Situation
Hertford is an historic market town some 25 miles north of Central London. The property in situated on the east side of pedestrianised Bircherley Green and forms part of the Bircherley Green Shopping Centre in the heart of Hertford town centre. Neighbouring occupiers include Waitrose, Boots the Chemist, New Look and Superdrug.
Tenure
Freehold.
Location
Miles
25 miles north of Central London, 28 miles west of Chelmsford, 15 miles south west of Bishop’s Stortford, 14 miles north east of St Albans
Roads
A1, A10, A414, M25
Rail
Hertford North Railway Station, Hertford East Railway Station
Air
London Stansted Airport, London Luton Airport,
Situation
Hertford is an historic market town some 25 miles north of Central London. The property in situated on the east side of pedestrianised Bircherley Green and forms part of the Bircherley Green Shopping Centre in the heart of Hertford town centre. Neighbouring occupiers include Waitrose, Boots the Chemist, New Look and Superdrug.
Tenure
Freehold.
Description
The property comprises a double fronted building with retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Note
Please note that the adjoining property, number 29 Bircherley Green is being offered as lot 44
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted building with retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Note
Please note that the adjoining property, number 29 Bircherley Green is being offered as lot 44
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground First
Retail Ancillary
131.64 sq m 114.70 sq m
(1,416 sq ft) (1,235 sq ft)
HOLLAND & BARRETT RETAIL LIMITED
10 years from 29/09/2011 on a full repairing and insuring lease
£53,000
29/09/2016 (28/09/2021)
TOTALS
246.34 sq m
(2,652 sq ft)
£53,000
(1) For the year ending 30th September 2015, Holland & Barrett Retail Limited reported a turnover of £424,662,000, pre-tax profits of £129,456,000 and a total net worth of £326,224,000. (Source: www.riskdisk.com 05/09/2016).