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Brownfields - Bircherley Green Lea Wharf 34,583 SF Retail Condo Unit Offered at $24,029,252 CAD in Hertford SG14 1BN
Investment Highlights
- Newly developed riverside complex situated in Hertford town center regeneration zone.
- Excellent connectivity: 5 minutes from Hertford East Station with direct link to London Liverpool Street.
- Landscaped riverside seating and new public realm enhance footfall and destination appeal.
- Strong tenant mix anchored by NHS Surgery, Starbucks, PureGym, Boots, and Card Factory.
- Includes 195-space car park, EV charging points, and improved public piazza areas.
- EPC Rating A for ground floor commercial units.
Executive Summary
Lea Wharf is a 2023 mixed-use redevelopment in Hertford town center along the River Lea. It includes 8 ground-floor retail units totaling approx. 34,583 sq ft, a 195-space multi-level car park, and ground rent income from 98 apartments on long leasehold. The property is near Hertford East station (direct service to London Liverpool Street) and Hertford North (service to London King’s Cross). The surrounding area includes national retailers and leisure operators. The site benefits from dual carriageway access via the A414 and highway links to the A10, M25, and M11.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 6.38% |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| Tenure | Freehold |
Description
Lea Wharf presents an exceptional freehold investment opportunity in Hertford town center, featuring a newly built mixed-use riverside development. Completed in 2023 to a high specification, the scheme encompasses 8 substantial retail and restaurant units, a 195-space multi-level car park under Euro Car Parks management, and ground rent income from 98 sold-off apartments.
Sale Notes
Occupancy is underpinned by strong covenant tenants such as NHS Surgery, Starbucks, Boots, PureGym, Card Factory, and popular dining operators. The property commands a prominent riverside position, benefiting from landscaped public spaces, waterside lounges, and enhanced pedestrian connectivity within the regeneration zone. Hertford East and Hertford North stations lie within walking distance, offering direct services to London Liverpool Street and King’s Cross respectively, complemented by superb road links to the A10, A414, M11, and M25.
With a projected rental income of £822,750 per annum and a gross initial yield of 6.38%, this asset combines stable income with long-term growth potential. Its strategic location, diverse tenant mix, and contemporary design elevate its investment profile in a thriving commuter town.
With a projected rental income of £822,750 per annum and a gross initial yield of 6.38%, this asset combines stable income with long-term growth potential. Its strategic location, diverse tenant mix, and contemporary design elevate its investment profile in a thriving commuter town.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 8 Retail 195 CarPark | 34,583 SF | Retail | $24,029,252 CAD ($694.83 CAD/SF) | $1,532,563.33 CAD |
Unit 8 Retail 195 CarPark
| Unit Size |
| 34,583 SF |
| Condo Use |
| Retail |
| Price |
| $24,029,252 CAD ($694.83 CAD/SF) |
| NOI |
| $1,532,563.33 CAD |
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Unit 8 Retail 195 CarPark
| Unit Size | 34,583 SF |
| Condo Use | Retail |
| Price | $24,029,252 CAD ($694.83 CAD/SF) |
| NOI | $1,532,563.33 CAD |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| Tenure | Freehold |
| Description | |
| Lea Wharf presents an exceptional freehold investment opportunity in Hertford town center, featuring a newly built mixed-use riverside development. Completed in 2023 to a high specification, the scheme encompasses 8 substantial retail and restaurant units, a 195-space multi-level car park under Euro Car Parks management, and ground rent income from 98 sold-off apartments.</li></ul> | |
| Sale Notes | |
| Occupancy is underpinned by strong covenant tenants such as NHS Surgery, Starbucks, Boots, PureGym, Card Factory, and popular dining operators. The property commands a prominent riverside position, benefiting from landscaped public spaces, waterside lounges, and enhanced pedestrian connectivity within the regeneration zone. Hertford East and Hertford North stations lie within walking distance, offering direct services to London Liverpool Street and King’s Cross respectively, complemented by superb road links to the A10, A414, M11, and M25.<br> <br> With a projected rental income of £822,750 per annum and a gross initial yield of 6.38%, this asset combines stable income with long-term growth potential. Its strategic location, diverse tenant mix, and contemporary design elevate its investment profile in a thriving commuter town.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 68,950 SF | Typical Floor Size | 34,475 SF |
| Property Type | Retail (Condo) | Year Built | 1981 |
| Property Subtype | Storefront | Lot Size | 2.40 AC |
| Building Class | B | Parking Ratio | 2.65/1,000 SF |
| Floors | 2 |
| Total Building Size | 68,950 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 34,475 SF |
| Year Built | 1981 |
| Lot Size | 2.40 AC |
| Parking Ratio | 2.65/1,000 SF |
Amenities
- Storage Space
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Brownfields - Bircherley Green Lea Wharf
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