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11A Hempstead Road, Kings Langley, Hertfordshire

£305,000

£373.32 per sq ft

Business rates & charges may apply

Aitchison Raffety, St. Albans
SIZE AVAILABLE

817 sq ft

76 sq m

SECTOR

Commercial property for sale

Key features

  • Freehold fully let income producing GF retail unit and long leasehold flat investment
  • Shop let to Ladbrokes
  • Income £21,330 pa
  • Shop let from 24 June2011 on a lease expiring 23 June 2028
  • Gross initial yield 7%
  • Opportunities to improve value with 59 years remaining on residential lease

Description

The property comprises an end-of-terrace ground floor retail unit and the flat above within a purpose built block of 6 shops and flats that includes a Simmons bakery, Hospice of St Francis charity shop, a health food shop, a newsagents with Post Office and a Fish and Chip shop.
The flat is believed to be a 2 bedroomed flat accessed via an external staircase at the rear off the side road, Common Lane, and also has the benefit of a concrete framed garage at the rear.

Brochures

11A Hempstead Road, Kings Langley, Hertfordshire

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kings Langley Station0.8 miles
  • Kings Langley Station0.8 miles
  • Apsley Station1.4 miles

About Aitchison Raffety, St. Albans

King House, 55Victoria Street, St. Albans, AL1 3ER

Notes

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