For Sale Retail & Residential Investment

Harpenden is a prosperous commuter town having a population of close to30,000 and is situated equidistant between St Albans and Luton with both towns being 5 miles (8km) away. Harpenden town centre and railway station approximately 0.75 miles (1.2 km) to the north. Harpenden Station provides a fast and frequent rail service to London St Pancras International and the City of London with a fastest journey time of 26 minutes.

The property occupies a prominent corner location and the junction of High Street and Leyton Green close to many multiple retailers and a within a short walk of Harpenden Station.

16 High Street  is arranged to form a ground floor retail unit with a basement storage let to The Cotswiold Company Ltd for a term of 10 years from 12th December 2014 at a current rent of £130,000 per annum.

The upper parts comprise seven one & two bed flats let on AST’s providing a gross income of £95,400 per annum.

The total income receivable is, therefore, £225,400 per annum.

Offers are invited in excess of £3.25m for the freehold interest to show a net initial yield of 6.51%.

For an initial discussion contact Paul Jessop on 01582 346110 or email: paul@jessopco.co.uk