Bishop’s Stortford’s Tesco Express Sells For £2.1 million

October 16, 2015

Hoddell Stotesbury Morgan (HSM) has sold a building occupied by Tesco Express in Bishop’s Stortford, Hertfordshire for £2.1 million on behalf of a private client. The 8,221 sq ft property has been acquired by a private client of Horwitz & Company and reflects a net initial yield of 6.3%.

32/32A South Street, Bishops Stortford is located within the town’s main shopping area and is close to the train station. The property comprises 4,732 sq ft of ground floor sales with ancillary accommodation of 3,489 sq ft on ground and first floors.

The building is let to Tesco Stores Ltd for 15 years from December 2008 at a rental of £140,055 per annum, with an RPI based uplift on rent review in December 2018.

Latest News

THE BOUTIQUE WORKPLACE COMPANY SIGNS PARTNERSHIP AGREEMENT WITH PRIVATE LANDLORD AND EXPANDS ITS NETWORK OUTSIDE LONDON

November 24, 2020 - 10:35

The Boutique Workplace Company is to open two new flexible workspace offerings in Kingston-upon-Thames and Wantage in south Oxfordshire after signing a partnership agreement with a private landlord. T[...]

+ Read More

PLANS FOR LEISURE WORLD REGENERATION SUBMITTED TO SOUTHAMPTON CITY COUNCIL

November 24, 2020 - 10:31

Sovereign Centros, the development manager for the proposed regeneration of Leisure World in Southampton, has submitted an outline planning application for one of the city’s most significant regener[...]

+ Read More

ARLINGTON EXPANDS OXFORD BUSINESS PARK OWNERSHIP WITH SPIRES HOUSE ACQUISITION

November 24, 2020 - 10:25

Arlington has continued to consolidate its ownership at Oxford Business Park by acquiring Spires House, a 49,421 sq ft multi-let office building from Harbert European Real Estate. Also known as Buildi[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR