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Commercial Development for sale

97 High Street, Hemel Hempstead, HP1 3AH

Offers in Region of £495,000
2,300 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 2,300 sq ft (213 sq m)
  • Use class orders: A1 Shops

Full description

Tenure: Freehold

LOCATION
The property is situated towards the northern end of the old town in Hemel Hempstead which is particularly characterful with many specialistsí shops together with pubs and restaurants.

This area has recently been much improved by providing wider pavements additional free parking enabling visitors to visit the high street more easily.

Access to the A41 dual carriageway is within 2 miles which provides rapid access to the M25 at J20, approximately 4 miles distant. J8 of the M1 is approximately 3 miles away.

Hemel Hempstead is served by a main line railway station with a fast and frequent service into London Euston with a journey time of 30 minutes.

DESCRIPTION
The property comprises a mid-terrace Grade II Listed period building on three floors fronting the high street.

The retail unit comprises the entire ground floor (with basement) with kitchen and single WC.

The upper parts comprise a four bedroom house together with kitchen, lounge, family bathroom and two WCís. To the rear, there is a private walled garden which is mainly laid to grass.

TENANCY DETAILS
The ground floor is let to Shirley Hall (Florists) Limited on a new 10 year effectively full repairing and insuring lease from 22 May 2009 ending 21 May 2019 at a rent of £10,000 per annum exclusive. The lease is outside the Landlord & Tenant Act 1954.

The residential accommodation is occupied by four separate ASTís with a combined rent of £13,200 per annum.

PROPOSALS
The property is available for sale freehold with offers in the region of £550,000, subject to contract. VAT is not applicable on the purchase price.


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