Hoddesdon is a picturesque market town located within the commuter belt, in the Borough of Broxbourne, Hertfordshire.
Existing national retailers include: Sainsbury's, Morrisons, Tesco Express, Aldi, Boots, New Look, Peacocks, Clinton Cards, Caffe Nero, Lloyds TSB, HSBC, Santander, Superdrug and Argos. Hoddesdon town centre also hosts an outdoor market on Wednesdays and Fridays with approximately 50 stalls outside the Tower Centre and along the High Street. There are seven car parks within Hoddesdon town centre providing over 700 car parking spaces.
Hoddesdon has excellent communications. The A10, A1(M), M11 and M25 are all within easy reach, providing easy access into central London, Cambridge and the national motorway network.
Regular rail services operate from Rye House Railway Station and Broxbourne Railway Station to London Liverpool Street Station (travel time approximately 35 minutes) in the south and Stansted Airport (travel time approximately 45 minutes) and Cambridge in the north.
Hoddesdon is well served for buses with numerous routes operating in the locality serving the following destinations: Cheshunt, Goffs Oak, Hertford, Waltham Cross, Broxbourne, Brookfield Centre, Harlow, Hatfield and Ware.
Gross internal area 632.31 sq.m. /6806 sq.ft.
Total income passing p.a.: £121,000
This stunning Grade II listed property comprises a pair of ground floor retail units and 3 x two bedroom apartments arranged over first and second floors. The property has been meticulously restored, extended and finished to a high standard.
The larger retail unit (No.76) and the residential upper parts are being sold fully let and are currently producing a combined annual rent of £121,000.
The original building has been improved by way of considerable extension work which includes a stunning new orangery. The contemporary extension is highly complementary of the listed building and its more traditional materials. Striking features such as a large glazed roof and full height glazed wall doors leading on to a substantial private terrace with retractable canvas awning allows natural light to flood into the orangery. The predominantly open plan layout reveals the original features of the listed building. The property also benefits from basement storage.
The three apartments have all been completely refurbished and restored to a high standard with exposed timber beams, original cast iron fireplaces, stripped back flooring and newly fitted kitchens. Each apartment has video entry systems and external bicycle and bin storage. Two of the apartments have private terraces / roof gardens. Parking for two of the apartments is provided by the Landlord under separate licence from the Borough of Broxbourne, currently costing £830 per annum per space.
The smaller retail unit (No.74) has been sold off on a 999 year lease.
Freehold subject to a 20 year lease in respect of the ground floor and basement of No.76, three ASTs in respect of the residential upper parts) and a 999 year long lease dated 22nd June 2018 relating to No.74. Copies of the commercial leases are available to download from our website. The property is elected for VAT.
By prior appointment with Gilmartin Ley, telephone 020 8882 0111.
Service charge: n/a
Local authority: Borough of Broxbourne
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