The Rotunda, Old London Road, Hertford, SG13 7LA

GCS Properties are a specialist land and commercial agency, providing advice to all property owners and investors throughout the UK. Our prime goal is to achieve maximum value for all of our existing and new clients through our hard work, dedication and attention to detail while keeping the process as simplistic as possible throughout each and every transaction.

We pride ourselves on our professionalism, honesty and our ability to think outside of the box in order to get transactions completed.

Property Specifics

Address

The Rotunda, Old London Road, Hertford SG13 7LA

Transport

Access

Access can be arranged with a member of the GCS Properties team.

VAT

We have been advised that VAT is not applicable.

Additional Information

GCS Properties acquired the investment/development opportunity off market in March 2023 on behalf of a retained client. Furthermore, the property currently benefits from 3.5 years of remaining income which our buyer will manage over that period, however once the property is vacant, the buyer will look to achieve 23 flats under PD with full planning permission being sought for 2 – 3 additional floors. The Rotunda was acquired by a large commercial property company who are fully cash funded, with the buyer going straight to completion. Acquired on a 7.75% gross yield. The net internal area of the building is 13,500sqft. Car parking to the rear for 32 spaces. Within a 5-minute walk to Hertford East Station. The opportunity is one of the last remaining commercial properties within Hertford that benefit from permitted development rights. Additional planning potential for 2 -3 extra floors which will be in line with neighbouring freeholds.

Tenure

Freehold

Financial Contributions

There were no contributions due

Terms

Acquired off market for an undisclosed sum