Property description
A fully let leisure investment in the affluent and desirable market town of Bishops Stortford. \"Millars One\" comprises a substantial refurbished former Malting's building, which have been sympathetically converted to provide a vibrant mix of leisure, residential, retail, office and restaurant uses. The property is an extensive, largely rectangular building arranged over ground and first floor levels. Internally, the building is arranged to comprise a substantial gym facility which has recently undergone an extensive refurbishment. There is also a small self-contained take-away unit adjacent to the property which is let separately. The total passing rent from the property is £83,000 per annum exclusive. In addition to the investment opportunity, the building offers long-term flexibility for sub-division or conversion to a variety of uses (subject to planning permission) and there is precedent for residential uses in similar buildings on site.
Property Features :
- Fully Let leisure Investment
- CURRENT INCOME £83,000 pa
- Gross Initial Return 8.5%
- Freehold