LOT 26

80 South Street, Bishop's Stortford, Hertfordshire, CM23 3BG

FREEHOLD COMMERCIAL INVESTMENT
Guide price: £170,000 - £180,000*

Auction Date

Tuesday, 22nd May 2018 11:00am

BY ORDER OF JOINT LPA RECEIVERS

Location & Description

A double fronted, two storey property comprising a ground floor shop with small mezzanine area (not accessible).
On the west side of South Street near to the junction with Station Road/Newtown Road and close to a variety of local/multiple retailers including Halfords, Sue Ryder and Tesco Express. Bishop’s Stortford mainline station is within ¼ mile.
Bishop’s Stortford is popular market town about 7 miles from Stansted airport and 30 miles north of London with good road access via the M11.

Accommodation

477 sq ft (44.3 sq m), external WC
Small mezzanine – Not accessible
The entire property is let on a repairing and insuring lease to Simon Richards and Francesca Richards (trading as a barber) for 7 years from 28.07.2010. The tenant is currently holding over and has been paying the receivers a rent of £17,000 p.a.

EQUIVALENT TO £17,000 p.a.

EPC Rating

E

Status

Withdrawn Prior to Auction

Addendum

The special conditions marked NEW are the only version that were published and so are the originals. The property is within the Bishop's Stortford Conservation Area.

Joint Auctioneer

Copping Joyce Ref: Jessica Rivas-Furlong - Tel: 020 7749 1040

* 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 #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.