Commercial property
Sold
Prime Freehold Retail Investment, 26-30 Potter Street, Bishop's Stortford

Investment for sale
£1,829,000 / NIY 7.00%
Summary
  • High street retail investment opportunity in the heart of Bishop's Stortford town centre
  • Thriving commuter town with large catchment area
  • Multi-let to three national multiple tenants with WAULT of 8.25 years to expiry and 2.96 years to break
  • Located in the prime pitch on Potter Street with nearby tenants including Costa Coffee, WH Smith, Boots, Marks & Spencer and Accessorize
  • Very prominent corner block with extensive retail gross frontage of 17.18m and return frontage of 11.64m
  • Medium term rental growth prospects at upcoming 2019 and 2020 rent reviews
  • Offers in excess of £1,829,000 for our client's freehold interest, subject to contract and exclusive of VAT.  A purchase at this level would reflect a net initial yield of 7.00% assuming standard purchaser's costs of 6.23%.
Done
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