Riverside House and 4 - 18A Amwell End
Ware
Hertfordshire
SG12 9HW

Freehold Retail Parade and Residential Flats with Redevelopment Planning Consent

  • Unbroken parade comprising 8 retail units with 7 residential self-contained flats
  • Planning permission granted for demolition and erection of building comprising 7 retail units and 32 residential units (with no affordable housing requirement)
  • Popular London commuter town
  • Approximate site area 0.21 hectares (0.52 acres)
  • Located 200 metres from Ware Railway Station and 100 metres from Ware High Street
  • Lot
    34
  • Auction
    24/Oct/2019
  • Rent
    £42,400 per Annum Exclusive
  • Status
    Sold
  • Price*
    £3,050,000
  • Sector
    Development
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • Riverside House and 4 - 18A Amwell End<br>Ware<br>Hertfordshire<br>SG12 9HW
  • Expand
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* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles east of Welwyn Garden City
10 miles south-west of Bishop's Stortford
20 miles north of Central London
Roads
A10, A414, A1(M) (Junction 4),
M11 (Junction 7), M25 (Junction 25)
Rail
Ware Railway Station
Air
London Stansted Airport,
London Luton Airport
Situation

Ware is an attractive and popular London commuter town situated 20 miles north of Central London. The property is prominently situated on the west side of Amwell End, a busy route between High Street to the north and Ware Railway Station to the south. Nearby occupiers include Costa Coffee, Sainsbury's Local, Barclays and TSB Banks and an eclectic mix of independent retailers.

Tenure

Freehold.

Description

The property comprises a substantial unbroken parade of eight retail units (arranged as seven shops) with seven self-contained residential flats on the first and second floors, as well as a snooker hall located at Riverside House. The property benefits from a site area of 0.21 hectares (0.52 acres) and car parking to the rear.

VAT

VAT is not applicable to this lot.

Planning

Planning permission has been granted for the demolition of the existing building and erection of a building comprising 7 retail units and 32 residential units. Local Authority: East Herts Council Planning Ref 3/17/2052/FUL. The planning consent makes no requirement for affordable housing, and requires a Community Infrastructure Levy (CIL) of £45,000.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.x. Review/(Reversion)
4GroundRetail
67.44 sq m
(726 sq ft)
THE BREAD
BIN (BAKERS)
LIMITED
15 years from
24/06/2008
£12,500(23/06/2023)
6GroundRetail
88.28 sq m
(950 sq ft)
VACANT
POSSESSION
   
8GroundRetail
81.07 sq m
(873 sq ft)
VACANT
POSSESSION
   
10GroundRetail
97.57 sq m
(1,050 sq ft)
INDIVIDUALS
t/a The Coffee
Bar
12 years from
06/04/1998
£11,900Holding
Over
12GroundRetail
96.59 sq m
(1,040 sq ft)
VACANT
POSSESSION
   
14-16GroundRetail179.57 sq m(1,933 sq ft)VACANT
POSSESSION
   
18 & 18aGround
First/Second
Retail
Flat
85.72 sq m
76.42 sq m
(923 sq ft)
(822 sq ft)
INDIVIDUAL £18,000 
10a, 10b,
12a, 12b,
14a, 16a
First/Second6 x Flats299.70 sq m(3,226 sq ft)VACANT
POSSESSION
   
Riverside
House
Ground
First
Second
Store
Leisure
Leisure
2.22 sq m
270.26 sq m
265.73 sq m

(24 sq ft)
(2,909 sq ft)
(2,860 sq ft)
VACANT
POSSESSION
   
Total (Commercial)
1,610.57 sq m
(17,336 sq ft)
  £42,000 

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Boyes Turner LLP Abbots House , Abbey Street
Reading
RG1 3BD
Philip Jacques 0118 952 7246pjacques@boyesturner.com

Useful Links

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