Lot 5 - 20 The Causeway, Bishops Stortford, Hertfordshire, CM23 2EJ
- Unconditional Online Auction Sale
- Guide Price* : £375,000-£400,000
- Bedrooms: 0
Description
An opportunity to purchase a town centre office investment with car parking, in Bishop's Stortford
The property forms an end of terrace three storey office building fronting The Causeway. The accommodation is generally open plan and benefits from rear access onto the car park. Male and female WC facilities are provided on the ground and 2nd floors.
The accommodation benefits from:
» LED lighting
» Air conditioning
» Suspended ceilings
» Kitchenette facilities
» Gas fired central heating
» 4 car parking spaces
» Telephone entry system
ACCOMMODATION
[approx. net internal areas]
» Ground Floor Office: 747 sq ft [69.42 sq m]
» First Floor: 1,116 sq ft [103.68 sq m]
» Second Floor: 852 sq ft [79.11 sq m]
» Total: 2,715 sq ft [252.21 sq m]
EPC Rating: D
Tenure
Freehold subject to occupational lease
Viewing
Cheffins Property Auction Dept 01223 213777
Planning
We understand that the property has longstanding Class E Office Use.
Location
The property occupies a prominent position on The Causeway (A1250), which forms the principal accessway into Bishop’s Stortford.
Bishop’s Stortford is situated approximately 30 miles north east of London and 26 miles south of Cambridge and is the closest town to Stansted Airport being 5 miles to the east.
Bishop’s Stortford train station is approximately 0.3 miles to the southeast of the property and provides a frequent service to London Liverpool Street with journey times from approximately 38 minutes. A regular service is also provided to Cambridge with journey times from approximately 29 minutes.
Adjacent to the property is the Jackson Square shopping centre which is anchored by Sainsbury’s with other occupiers to include Pret, Nando’s and H&M. The centre also provides pay and display car parking.
Tenancies
The ground and first floors are let to Scendea Limited (08639168) which was incorporated in August 2013 and as at 30th June 2024 reported a total net worth of approximately £950,000 and is classified by Experian Business Express as ‘Very Low Risk’ (as at 16th September 2025).
The Lease is for a term of 5 years from 24th March 2022 on an internal repairing basis limited by way of a schedule of condition and the Tenant is to contribute towards a service charge. The annual rent is £33,900 per annum subject to an upwards only rent review to open market rent on 1st April 2024.
VAT
We understand the property is elected for VAT and therefore VAT should be payable on the purchase price.
Services
We understand the property is connected to mains water, drainage, gas and electricity. We have not tested any of the services and all interested parties should rely upon their own enquiries with the relevant utility company in connection with the availability and capacity of all of those serving the property including IT and telecommunication links.
Outgoings
There are various business rates assessments for the property as follows:
| Floor | Rateable Value | Approx. Rates Payable (2024/2025) |
|---|---|---|
| Ground & 1st Floor | £33,000 | £16,500 |
| 2nd Floor | £13.750 | £6,875 |
| Gnd Floor Parking | £1,200 | £600 |
| 2nd Floor Parking | £1,200 | £600 |
Vendors Solicitor
Vendors Solicitor
* 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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Joint Agent
Vendors Solicitor
Vendors Solicitor
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