120-122 High Street, Hoddesdon, Hertfordshire, EN11 8HD
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Property Description
A substantial 3 storey property arranged as two ground floor shops with separate front access to 9 flats above (sold on long leases). Occupying a prominent trading position within the heart of the town centre on this part pedestrianised High Street where nearby multiple retailers include Peacocks, Caffè Nero and the Post Office amongst others. Hoddesdon is a popular market town about 5 miles from Hertford and 20 miles from Central London.
(Based on VOA website)
120 High Street: 2,284 sq ft (212.2 sq m)
122 High Street: 1,319 sq ft (122.5 sq m)
Flats 1-9 Lawnstore Court: Not inspected
120 High Street: Let on a repairing and insuring lease to Savers Health and Beauty Ltd for 5 years from 16.03.2026 at £34,225 p.a. Tenant break on 16.03.2029 subject to 6 months' notice.
122 High Street: Let on a repairing and insuring lease to Specsavers Optical Superstores Ltd for 5 years from 27.05.2023 at £23,650 p.a.
Flats 1-9 Lawnstore Court: Each sold on a 125 year lease from 01.01.2006 at a current ground rent of £200 p.a. The rent is to be doubled every 25 years for 7 of the 9 flats.
PRODUCING £59,675 P.A.
1. We understand that Specsavers have traded from the property since 2005 and have about 970 branches.
2. We understand that Savers have traded from the property since 2005 and have over 500 branches.
Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
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120-122 High Street, Hoddesdon, Hertfordshire, EN11 8HD
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