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76 High St 3,578 SF Retail Building Hoddesdon EN11 8ET $1,027,313 ($287.12/SF) 9.33% Cap Rate
Investment Highlights
- Located in a prime town centre
- Close proximity to the station
- Close to local amenities
- Heavy daytime foot traffic
Executive Summary
3,245 sq ft of ground floor (additional 333 sq ft basement parts) retail and restaurant space let and trading as Mysa Mediterranean Restaurant. The building was stunningly refurbished several years back to include a brand new build orangery to the rear elevation which nicely compliments the original Grade II listed building features.
The whole is let for a term of 20 years to expire 13 October 2039 without further break. The current passing rent is £70,000 per annum exclusive.
The whole is let for a term of 20 years to expire 13 October 2039 without further break. The current passing rent is £70,000 per annum exclusive.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,578 SF
Building Class
B
Year Built
1686
Price
$1,027,313
Price Per SF
$287.12
Cap Rate
9.33%
NOI
$95,848
Tenancy
Single
Building Height
4 Stories
Building FAR
0.26
Lot Size
0.31 AC
Frontage
45’ on High Street
Amenities
- Bus Line
1 1
Nearby Major Retailers
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76 High St
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