98 High Street Hoddesdon Hertfordshire EN11 8HD

98 High Street
Hoddesdon
Hertfordshire
EN11 8HD

Freehold Retail and Residential Ground Rent Investment

  • Majority let to Age UK
  • New 15 year lease from April 2016 (subject to options)
  • Rebased rent (Previous Rent £31,500 per annum)
  • Tenant in occupation since 2001
  • Excellent town centre location with nearby occupiers include Boots the Chemist, Tesco Express and Caffè Nero
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    3
  • Auction
    30th March 2017
  • Rent
    £29,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £408,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Ground Rent Investment

  • Majority let to Age UK
  • New 15 year lease from April 2016 (subject to options)
  • Rebased rent (Previous Rent £31,500 per annum)
  • Tenant in occupation since 2001
  • Excellent town centre location with nearby occupiers include Boots the Chemist, Tesco Express and Caffè Nero
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 3
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £408,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
10 miles north of Enfield, 16 miles south-east of Stevenage, 20 miles north of Central London
Roads
A1(M) (Junction 4), A19, A1170, M25 (Junction 25), M11 (Junction 7)
Rail
Broxbourne Railway Station, Rye House Railway Station
Air
London Stansted
Situation

The property is situated in a prominent location on the eastern side of the part pedestrianised High Street, north of its junction with Conduit Lane, in the heart of the town centre. Nearby occupiers include Boots the Chemist, Tesco Express, Caffè Nero and Asda supermarket, with other occupiers represented in the town including Aldi, Iceland, Morrisons and Sainsbury's supermarkets. The town's library is located next door.

Tenure

Freehold.

Location
Miles
10 miles north of Enfield, 16 miles south-east of Stevenage, 20 miles north of Central London
Roads
A1(M) (Junction 4), A19, A1170, M25 (Junction 25), M11 (Junction 7)
Rail
Broxbourne Railway Station, Rye House Railway Station
Air
London Stansted
Situation

The property is situated in a prominent location on the eastern side of the part pedestrianised High Street, north of its junction with Conduit Lane, in the heart of the town centre. Nearby occupiers include Boots the Chemist, Tesco Express, Caffè Nero and Asda supermarket, with other occupiers represented in the town including Aldi, Iceland, Morrisons and Sainsbury's supermarkets. The town's library is located next door.

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground floor and basement with a self-contained three bedroom maisonette on the first and second floors let on a long lease.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a shop arranged on the ground floor and basement with a self-contained three bedroom maisonette on the first and second floors let on a long lease.

VAT

VAT is applicable to this lot.

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 Reviews
Ground
Basement
Retail Ancillary
85.10 sq m
56.30 sq m
(916 sq ft)
(606 sq ft)
AGE UK (1)
15 years from 12/04/2016 until
11/04/2031 (2)
£29,000
12/04/2021
12/04/2026
First/
Second
Residential - Three
Bedroom
Maisonette
-
(-)

AN INDIVIDUAL
150 years from
07/02/2007 until
06/02/2157
Peppercorn
 
Total Commercial Area
141.40 sq m
(1,522 sq ft)
    £29,000
 

1) Age UK is the UK's largest charity dedicated to helping everyone make the most of later life. Age UK operate from over 450 shops throughout the UK, processing over 20 million customer transactions a year and employing over 1,500 staff and 7,000 volunteers. For the year ending 31st March 2016, Age UK reported pre-tax profits of £9,900,000 and a total net worth of £41,973,000 (Sources: www.ageuk.org.uk and Experian Group 28/02/2017).
(2) The lease provides for tenant options to determine on 12/04/2021 and 12/04/2026, subject to six months’ prior written notice.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    585 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Harold Benjamin Solicitors Hill House, 67-71 Lowlands Road
Harrow
Middlesex
HA1 3EQ
020 8864 7530
Varsha Sood 020 8872 3028varsha.sood@haroldbenjamin.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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