Development site

Investment income £75/80,000

PP for additional 1 x 1 and 1 x 2 bed flats

Description: The property consists of a brick and block building under a peg tilled roof generally in good order with 2 commercial units on the ground floor one a very popular Indian Restaurant the other a Tanning shop. Above these units are 2 residential units one a 5 bed flat the other a 3 bed. In addition to the above planning has been granted for a further 1 x 1 bed and 1 x2 bed. The total income is in the region of £80,000.00 p.a. Adjacent to this property is a further large site with frontage to the river being offered by another agent however together these sites would form a substantial redevelopment opportunity with river frontage. On the site plan the the property on offer is marked in yellow and that of the adjacent site in Red.

Location: The site is located in the busy part of Bishops Stortford known as South Street an area where there has been a considerable amount of reconstruction and refurbishment. It lies in the South side of the main shopping centre and is in easy reach of the Town Station and the M11 J8 is a short distance away.

ENQUIRIES: PLEASE CONTACT HARLOW OFFICE COMMERCIAL DEPARTMENT Tel. 01279390411 b.ellice@clarkehillyer.co.uk b.tonks@clarkehillyer.co.uk



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