12 South Street, Bishop's Stortford

Sold

Investment summary

 

  • Bishop’s Stortford is an affluent London commuter town
  • Prominent freehold property in prime pitch
  • Total accommodation of 539.11 sq m (5,803 sq ft), with well configured retailing space
  • Let to Waterstones Booksellers Limited
  • Total current rent of £90,000 per annum exclusive, reflecting £75.70 per sq ft Zone A
  • Estimated rental value of £95,000 per annum exclusive, reflecting £80.00 per sq ft Zone A

 

Proposal

 

We are instructed to seek offers in excess of £1,400,000 (One Million, Four Hundred Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level would reflect a Net Initial Yield of 6.08%, a Reversionary Yield of 6.41% and a Nominal Equivalent Yield of 6.35%, allowing for purchaser’s costs of 5.80%.

Location

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Next steps

Contact Us

John Burnside
+44 (0)20 7544 2041
+44 (0)7730 817 046
john.burnside@capita.co.uk

John Shaw
+44 (0)20 7544 2038
+44 (0)7808 479 289
john.shaw2@capita.co.uk