Riverside House and 4 - 18A Amwell End Ware Hertfordshire SG12 9HW
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 24th October 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
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 24th October 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
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.
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
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.
