Lot 3 - Land and Buildings at the Maltings, Station Road, Sawbridgeworth, Hertfordshire, CM21 9JX
- Unconditional Online Auction Sale
- Guide Price* : £4,250,000
Land and Buildings at The Maltings, Station Road, Sawbridgeworth, Hertfordshire, CM21 A substantial mixed-use investment opportunity comprising both commercial and residential accommodation situated in a prominent town centre location.
Description
The property comprises a mixed-use investment incorporating both commercial and residential accommodation. The commercial element includes two units let on long leasehold interests (approximately 70 years unexpired) to Royal Mail and an established antiques retailer. The sale includes the freehold interest together with five separate title numbers, which also encompass the rear car park (copies of the title documents are available upon request).
The residential accommodation has not been formally regularised, presenting a significant asset management opportunity for an incoming purchaser to enhance value through the regularisation of the existing units, subject to obtaining all necessary consents.
Further development potential exists within the building, with scope to create two additional residential apartments on the upper floor, each extending to approximately 70 sq m (753 sq ft), subject to obtaining the requisite planning permission and listed building consent.
The property offers a rare opportunity to acquire a substantial mixed-use asset with multiple avenues for value enhancement, income growth and future development.
Accommodation
Investment Potential
When fully let, the property is estimated to generate a gross rental income of approximately £400,000 per annum, comprising:
:Commercial Income: Approximately £354,000 per annum
:Capitalised at a yield of 9%
:Indicative value: £3,933,333
:Residential Income: Approximately £46,000 per annum
:Capitalised at a yield of 6%
:Indicative value: £766,666
Total Estimated Rental Income: £400,000 per annum
Total Indicative Capital Value: £4,699,999
:These figures are provided for guidance purposes only and prospective purchasers should undertake their own due diligence and satisfy themselves as to the achievable rental income, yields and values.
Location
The property is located on Station Road in Sawbridgeworth, a well-connected Hertfordshire town close to the Essex border. It is within easy walking distance of Sawbridgeworth railway station, providing regular direct services to London Liverpool Street.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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