Freehold Site with Development Potential / College Road, Cheshunt EN8 / OIEO £900,000
An opportunity to purchase a car wash with development potential in the town centre of Cheshunt, Hertfordshire. A significant redevelopment site measuring approximately 0.18 acres. The site comprises a single-storey detached building that operates as a car wash.
The existing building measures 430 sqm and is elected for VAT. The property is subject to a commercial lease for a term of 10 years commencing 1st January 2020 at a rent of £55,222 per annum plus VAT. This lease is within the 1954 act and has a rent review every 3 years from the commencement date.
We consider the site to have long term residential redevelopment potential along with an opportunity for various commercial uses. We encourage all interested parties to conduct their own research on the feasibility of the site. The vendor is seeking a quick transaction and a full legal pack can be provided very quickly.
Unconditional offers are encouraged in excess of £900,000.