Retail and Residential Investment Opportunity With Car Parking
Summary
- Total current income £72,400 per annum
- Potential to increase to £101,110 per annum
- Net initial yield 5.5%
- Freehold investment
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Ground - 14 Station Road | 689 | 64.01 |
| Ground - 16 Station Road | 1,146 | 106.47 |
| Ground - 18 Station Road | 760 | 70.61 |
| 1st - 14a Station Road | 607 | 56.39 |
| 1st - 14b Station Road | 459 | 42.64 |
| 1st - 16a Station Road | 1,210 | 112.41 |
| Total | 4,871 | 452.53 |
Location
Northern side of Station Road approximately 100 metres (0.6 miles) east of its junction with the High Street (A108) in the centre of the town of Harpenden.
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Mainline Stations
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Harpenden2 mins
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Luton Airport Parkway84 mins
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St Albans City89 mins
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St Albans Abbey94 mins
Underground Station
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Watford Junction205 mins
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Watford216 mins
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Watford High Street219 mins
-
Elstree and Borehamwood225 mins
Further Information
Price Offers in excess of £1,710,000
Rates Payable Upon Enquiry
Description
Two storey end of terrace premises divided into two retail units known as 14 and 16 Station Road together with a long leasehold property at 18 Station Road. There are 3 self contained flats known as 14a, 14b and 16b Station Road with a further long leasehold flat at 18b. Each property is let individually save for 14 High Street where the vendor will vacate prior to completion. The current total income is £72,400 per annum which will increase to £101,110 per annum on the letting of 14 High Street. The retail unit and the flat at 18 and 18a have been let on a long leasehold producing a peppercorn rent.
Viewings
Strictly by appointment via sole agent.
Tenancy Schedule
Ground Floor 14 Station Road ERV: £28,710 - vacant
Ground Floor 16 Station Road Rent: £28,000
Ground Floor 18 Station Road Rent: peppercorn - sold by way of 999 year lease
First Floor 14a Station Road Rent: £14,400 per annum
First Floor 14b Station Road Rent: £12,600 per annum
First Floor 16a Station Road Rent: £17,400 per annum
First Floor 18a Station Road Rent: peppercorn - sold by way of 999 year lease
Gallery
