SoldFreehold Shop and Upper Parts Investment For Sale - Waltham Cross EN8

Let to Enterprise Inns PLC until 2028

43 High Street,  WALTHAM CROSS EN8 7AB

Features

  • Freehold for sale
  • Gross internal area: 154.48 sq.m (1,663 sq.ft)
  • Let on a single 24 year lease to Enterprise Inns PLC
  • Passing rent £21,750 pa
  • Four yearly rent review pattern, with an outstanding review from March 2016
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Location

The subject property is located within a busy parade on the west side of High Street directly opposite Lidl Supermarket and the junction with Abbey Road.

Waltham Cross is the most southeasterly town in Hertfordshire. It is 12 miles from the City of London and immediately north of the M25 motorway, forming part of the Greater London Urban Area and London commuter belt.

The location benefits from excellent transport links. Junction 25 of the M25 is located 1.1 kilometres (0.67 miles) to the north west. The intersection between Bullsmoor Lane, Mollison Avenue and Hertford Road is only 0.37 kilometres (0.23 miles) to the south.

Waltham Cross Railway Station (Abellio Greater Anglia Line) is 0.53 kilometres (0.32 miles) to the east and provides frequent services to London Liverpool Street Station, with journey time of circa 35 minutes.

New Crossrail 2 services are proposed to serve Broxbourne, Cheshunt and Waltham Cross in the near future.

 

Gross internal area 154.48 sq.m. /1662 sq.ft. 

Ground floor64.00 sq.m. / 688 sq.ft.
First floor45.24 sq.m. / 486 sq.ft.
Second floor45.24 sq.m. / 486 sq.ft.
  • Beer garden 105.25 sq.m. / 1132 sq.ft.
Plus:


Description

This three storey mid terrace property comprises a ground floor retail unit operated as a late licence bar and a self contained 3 bedroom maisonette arranged over the first and second floors.

The property is let on a single 24 year fully repairing and insuring lease to Enterprise Inns PLC. The property has a passing rent of £21,750 per annum and a four yearly rent review pattern.

The ground floor element intercommunicates with two neighbouring properties to form a single drinking establishment currently trading as 'Venue'. The subject property benefits from a substantial rear decked garden, which forms the entire external area serving as the beer garden for Venue's customers.

There is vehicular access to the rear of the property via a service road off Berkley Avenue.

Terms

Freehold for sale subject to a fully repairing and insuring lease to Enterprise Inns PLC for a term of 24 years, commencing 20th March 2004.

Service charge: TBC

Local authority: London Borough of Broxbourne


Property reference: 24990 Updated: 06 Feb 2018