Summary - 20 THE CAUSEWAY BISHOP'S STORTFORD CM23 2EJ
1 bed 1 bath Office
Prominent freehold office with parking — auction sale, refurbishment potential, tenant in situ..
- Town-centre freehold office investment, 2,715 sq ft total
- Let on internal repairing lease; rent £33,900 pa
- Georgian façade with potential for refurbishment or conversion
- LED lighting, air conditioning, suspended ceilings, kitchenette
- Four off-street car parking spaces; rear park access
- EPC rating D; medium flood risk in the area
- Property described as derelict in parts; requires maintenance
- VAT payable on purchase price; sold at auction
A prominent three-storey freehold office on The Causeway, offered at auction — a core town-centre investment near Bishop’s Stortford station and Jackson Square. The building totals 2,715 sq ft across open-plan floors and currently produces £33,900 pa from two floors let to a low-risk tenant. Practical benefits include LED lighting, air-conditioning, suspended ceilings, gas central heating and four off-street car spaces.
The property sits in an affluent, well-connected market (five miles from Stansted, fast rail to London and Cambridge) with strong local amenities and excellent mobile signal. Longstanding Class E office use and rear car park access make retention as offices straightforward, while the Georgian façade and internal layout present potential for value-add refurbishment or adaptive reuse subject to consents.
Notable cautions are clear: the building requires maintenance (described as derelict in parts), the EPC is D, and there is a medium flood risk in the area. The freehold is sold subject to an occupational lease (internal repairing basis limited by schedule of condition) and VAT is payable on the purchase price. Sale is by auction — suitable buyers should factor in immediate repair costs, service charge contributions, and the lease terms when assessing yield and repositioning options.
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