Map
Area statsGuide price
£570,000Property for sale
High Street, Hoddesdon EN11
Auction
Property
Features and description
* For sale by public auction on 16th April at 12:00 *
Location & 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, Caff Nero and the Post Office amongst others.
Hoddesdon is a popular market town about 5 miles from Hertford and 20 miles from Central London.
Accommodation
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
Tenancy Details
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.
Note
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:[use Contact Agent Button] [use Contact Agent Button]
PRODUCING £59,675 P.A.
EPC Rating
120 High Street = B 122 High Street = C
Viewing Times
Location & 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, Caff Nero and the Post Office amongst others.
Hoddesdon is a popular market town about 5 miles from Hertford and 20 miles from Central London.
Accommodation
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
Tenancy Details
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.
Note
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:[use Contact Agent Button] [use Contact Agent Button]
PRODUCING £59,675 P.A.
EPC Rating
120 High Street = B 122 High Street = C
Viewing Times
Area statistics
Crime score
High crime
8/10
About this agent
Strettons is a leading, independent firm of property advisors with expertise across a wide range of commercial and residential property, giving advice to buyers, owners, occupiers, investors, developers and more. Our core teams cover agency, property auctions, property & asset management and valuation & advisory services. We operate throughout London and the Home Counties with more than 120 staff, while our auction department and property management business covers the whole of the UK. Since 1931, the Strettons brand has been recognised for the quality of service offered by its staff. We have worked hard to retain the original ethos in the way we advise and relate to our clients and can draw upon diverse technical resources to ensure that we deliver the best results. The in-depth knowledge of our core markets gives our clients a true advantage in property.