Shops, retail units for sale near Royston, Hertfordshire

Freehold retail and residential ground rent investment in affluent and expanding market town. The property enjoys a prime town centre location and comprises shop let to established charity St Elizabeth's, plus residential flat on the upper floors let long leasehold. The total net income from the property is £40,250 pa, with the shop being subject to stepped annual increases. The freehold of the property is available at a price of £510,000, reflecting an attractive net yield of 8.16% based on the average income for the remainder of the shop lease.

Residential redevelopment opportunity
• Redundant chapel and three bedroom house
• Planning permission for change of use to residential
• In need of refurbishment throughout
• Large plot includes graveyard

Bishop's Stortford is an affluent and historic market town, situated 2 miles from Junction 8 of the M11. The town is some 33 miles from London, 9 miles from Harlow, 19 miles from Chelmsford and 22 miles from Stevenage. There are good road communications with the M11 within 2 miles of the town centre. Stanstead Airport is just 4 miles away. Frequent rail services are available to London Liverpool Street, with a fastest journey time of approximately 45 minutes. The subject property is situated in a prime position on the western side of South Street. Neighbouring occupiers include Carphone Warehouse, Waterstones, Phase Eight, Caffe Nero and W H Smith. There is excellent pedestrian and vehicular flow along South Street which is the prime retail location in the town. There is public parking nearby and the town's mainline railway station is within walking distance of the property. The subject property comprises a former bank of brick construction. It is arranged over ground and first floors with a yard to the rear providing parking for up to 4 cars.

The property comprises a ground floor shop with two long leasehold residential flats above and is located in a prominent position in the heart of Sandy town centre. It is in a prime retail location adjacent Market Square and nearby retailers include Co-op, Subway, Barclays, Coral and Lloyds Pharmacy.

Long Leasehold Retail Opportunity for Sale - Offers Invited

The property comprises a 1930's detached bay window house of brick construction measuring approximately 1,050 sq.ft. The property consists of a lounge, dining room, kitchen/larder, 3 bedrooms and bathroom. There are gardens to the front and rear. In addition the site includes a small car park immediately adjacent as well as an amenity area to the rear. Total site measures approximately 0.2 acres.