Development
properties

16 Parsonage Lane, Bishops Stortford CM23 5DB

Highfield are inviting offers in excess of £3,300,000 for the unbroken freehold interest. The freehold is to be sold with the existing tenants in place.

Unbroken freehold investment opportunity

6-minute drive to Bishop Stortford Station which provides links into London Liverpool Street

Current income totalling £190,000 annually which represents a net yield of 5.75%

Potential breakup value

Deposits held in rent deposit scheme

Example tenancy schedule available

Freehold

Highfield are inviting offers in excess of £3,300,000 for the unbroken freehold interest

Description

The existing building comprises 16 residential units (10×2-bedrooms and 6×1 bedroom flats) and is situated on the corner of Parsonage Lane in Bishops Stortford. All of the residential units are currently let on AST agreements.

Location

Bishop’s Stortford is a historic market town in Hertforshire, just West of the M11 motor way on the county boundary of Essex, 27 miles north-east of Central London. The town offers a range of amenities such as sporting facilities, fitness centres, Spa’s, restaurants and shops. The town is also home to many people working in the tourist industry, including hotels, catering and airline staff, as it is the closest large town to Stansted Airport. The local area also offers a great choice of schools consisting of 13 primary schools and 5 secondary schools including St. Mary’s Catholic School, Birchwood High School, Hockerill Anglo-European College and Bishop Stortford High School. Bishop Stortford offers amazing grassland’s, providing stunning scenery and beautiful country walks.

Transport

Bishops Stortford railway station is on the West Anglia main line. Greater Anglia trains provide Bishop’s Stortford with a direct link Southbound to Harlow and links into Tottenham Hale and London Liverpool Street taking 30 minutes. There is a direct service to Stratford, furthermore there are Northbound services from Bishop Stortford to Cambridge, and at certain times to Ely and King’s Lynn. Stansted express call at Bishop’s Stortford station which provides a direct link to Stansted Airport.

Access

Access can be arranged with sole agents Highfield Investments.

Additional Information

An example of a lease is available upon request.

VAT

We understand that VAT is not applicable.

Tenure

Freehold.

Terms

Highfield are inviting offers in excess of £3,300,000 for the unbroken freehold interest. The freehold is to be sold with the existing tenants in place.

Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.