Commercial Property for sale in High Street, Saffron Walden
High Street Retail Premises with Two Residential Flats For Sale (Business Unaffected)
- Extremely rare opportunity to acquire a town centre freehold
- Located in town centre
- Ground Floor retail unit
- Vendor would consider a leaseback for a period of up to 2 years
- Two residential flats let on Assured Shorthold Tenancies (AST’s)
LOCATION Saffron Walden is an attractive and affluent commuter market town within Uttlesford District in rural North Essex. The town has a resident population of 15,000 and is a popular tourist destination due to its charm, character and wealth of medieval listed buildings.
The town is served by Audley End Station less than 3 miles away which provides a regular service to London's Liverpool Street in approximately 55 minutes and Cambridge in approximately 20 minutes. By road the M11 can be accessed at Junction 9. Bishops Stortford and Stansted airport are within 19 miles.
The property is situated on the west side of High Street, close to the junction with George Street. High Street is one of the principal retail pitches in Saffron Walden.
DESCRIPTION London House comprises a Grade II Listed three storey building arranged over ground, first and second floors.
The property is of timber frame construction, with lime plaster render under a pitched tiled roof.
The property comprises a prominent retail unit at ground floor, with an extensive frontage of 13 metres (42.6 ft). The first floor and second floors, accessed via a separate access from High Street, have recently been refurbished and comprise a one bedroom and two bedroom flat, respectively.
ACCOMMODATION The property provides the following floor areas:-
Ground (Sales) 400 sq m / 4,300 sq ft
Basement (Ancillary) 29.82 sq m / 321 sq ft
Total (Net Internal Area) 429.82 sq m / 4,621 sq ft
First (One Bed Flat) 57 sq m / 613 sq ft
Second (Two Bed Flat) 66 sq m / 710 sq ft
Total (Gross Internal Area) 123 sq m / 1,323 sq ft
TENANCIES The retail unit is being offered for sale with vacant possession. The vendor would consider a leaseback for a period of up to 2 years. The business currently occupying the premises is unaffected.
Unit 1 (1st Floor) is let on an AST at £850 per calendar month.
Unit 2 (2nd Floor) is let on an AST at £875 per calendar month.
BUSINESS RATES & COUNCIL TAX The ground floor is listed as a Shop and Premises with a rateable value of £37,004.
The first and second floor flats are listed as council tax band B and C respectively.
VAT It is our understanding that the property is not elected for VAT.
EPC A copy of the EPC's are available on request.