Offers over
£1,710,000
(£351.06/sq. ft)
Retail premises for sale14-18 Station Road, Harpenden AL5
4,871 sq. ft
Freehold
About this property
Total current income £72,400 per annum
Potential to increase to £101,110 per annum
Net initial yield 5.5%
Freehold investment
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.
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.
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
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.
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.
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
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