Property description

A fully let freehold leisure investment in the historic market town of Bishops Stortford extending to approximately 10, 825 sq ft. \"Millars One\" comprises a substantial refurbished former Malting's building arranged to provide four individual elements including Unit 1: Restaurant, Unit 2: Dance studio, Unit 3: Gym, Unit 4: takeaway. The total passing rent from the four tenants is £131,000 per annum exclusive and the average unexpired lease term is approximately 15 years. Onsite car parking is provided via allocated spaces within the common parking area.

Property Features :

• FULLY LET LEISURE INVESTMENT
• CURRENT INCOME £131,000 PAX
• AVERAGE UNEXPIRED LEASE TERMS 15 YEARS (APPROX)
• BUILDING AREA 10,825 SQ FT
• Gross Return 9%