Office for sale in Church Street, Bishop's Stortford CM23

This freehold office and retail investment sale features a three-storey, middle terrace building likely to date from around the late 1970s.

The ground floor is arranged as three self-contained shop units, each with its own doorway entrance within the respective frontages.

Retail Unit 1 (on the left as viewed from the street) is currently occupied as a restaurant, with open customer seating and a bar to the front and a kitchen and WCs to the rear.

Retail Unit 2 (the central unit as viewed from the street) is occupied as a café restaurant, with open customer seating and a bar to the front with a kitchen and WCs to the rear.

Retail Unit 3 (to the right) is occupied by a hairdressers, with open salon space to the front and ancillary kitchen and WCs to the rear.

Offices over the First and Second Floors are accessed via a separate ground floor entrance between the retail frontages, with a lobby with stairwell and passenger lift. The upper floors provide four office units with entry phone access systems. The offices have a well specified modern finish, incorporating carpeted flooring and suspended ceilings with recessed and diffused lighting and air-conditioning.

Please note that there is no off-street car parking available with the property; however, there are a number of public car parks located a very short walk away.

The property offers an initial income of £122,920 per annum (no VAT) which represents a Gross Return of 6.47% or Net Initial Return of 6.1% after deducting assumed purchasers costs of 6%.

Please see the agents particulars for more detailed information about this property.

Church Street is situated in the prime shopping area of Bishops Stortford, just off Potter Street, with close neighbours including Boots, Santander, Pret a Manger and Hotel Chocolat. It is also close to the entrance to the Jackson Square shopping centre. There is excellent vehicular and pedestrian traffic along the street which is the main walkway to and from the public car park at Apton Road.

Bishops Stortford is a rapidly expanding market town with a current population of approximately 41,000 and a new development of 3,500 new homes currently under construction. Stansted Airport is only a 10-minute drive from the town centre and the town’s mainline station offers regular rail services to London Liverpool Street and Cambridge.