FREEHOLD INVESTMENT OPPORTUNITY FOR SALE

81 TURNERS HILL, CHESHUNT, EN8 9BA

SUMMARY DESCRIPTION

• A2 unit extending to approximately 2,026ft2 (188m2) across The property comprises a 2-storey commercial building (A2 Use 2 2 ground floor with 588ft (54m ) of 1st floor ancillary space Class) extending to approximately 2,614ft2. • Let to HSBC for 15 years from 2006 (expires November 2021) at a The ground floor extends to circa 2,026ft2 and is operated as a bank. passing rent of £28,700 per annum The 1st floor extends to circa 588ft2 and is used as ancillary space. • Potential for future residential development of the upper parts and rear land S.T.P.P. There is a car park area and single storey outbuilding at the rear of the main building. • Prominent town centre location close to Cheshunt Station

• Offers are invited in excess of £800,000 for the freehold interest which reflects £306 per ft2 on existing areas

LOCATION

The property is located on Turners Hill within the town centre of Cheshunt, Hertfordshire.

The immediate area predominantly consists of commercial uses with Turners Hill being the town’s main commercial street. Many of the surrounding buildings include residential upper parts.

Cheshunt Station is located 0.5 miles from the property, providing frequent Overground services to Liverpool Street with journey times of approximately 30 minutes.

www.kingsbury-consultants.co.uk FREEHOLD INVESTMENT OPPORTUNITY FOR SALE

TENANCY TENURE

The unit is let to HSBC Bank PLC on a lease for a term of 15 years The property will be sold freehold with the existing tenancy remaining from 14th November 2006, expiring on 14th November 2021. The lease in-situ. is not subject to any break clauses. TERMS The current rent is £28,700 per annum. Offers are invited in excess of £800,000 which reflects £306 per ft2 on existing areas. HSBC is Europe’s largest bank which operates 964 units across the UK. For the financial year ending 2018 they reported a pre-tax profit VAT of £14,500,000,000. We understand that the property is not elected for VAT. DEVELOPMENT POTENTIAL ADDITIONAL INFORMATION There is potential to develop the upper parts of the building and rear of the site to provide residential uses, subject to obtaining the Further information including the lease can be found in our dataroom necessary consents. using the password ‘Turners’. CONTACT

To discuss any aspect of this property or the disposal process, please contact the Seller’s sole agents:

Jordan Oldfield– 020 7183 2529 [email protected]

Ilia Ago – 020 7183 2529 [email protected]

Kingsbury 1st Floor, 81 Alie Street, London E1 8NH

Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in No: 06869268.

www.kingsbury-consultants.co.uk