99 High Street, Hemel Hempstead, HP1 3AH
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- A freehold property comprising of a lock up shop at ground floor & a flat at first floor (sold off on long lease approx. 62 years remaining)
- Located in the affluent town of Hempel Hampstead
- Ground floor let on a 10 year lease from August 2019 at £14,500 p.a.
- Potential reversionary value with the short leasehold flat
- VAT free investment
- 6 week completion
- Investment let at £14,950 p.a. (9.06% GIY on guide)
Description
StrapLine
Auction Sale - 01/10/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteA freehold mid terrace property comprising of lock up shop at ground floor and flat at first floor (sold off on long lease an approx. 62 years remaining)
Investment let at £14,950 pa.
Description
A freehold mid terrace Grade II listed property comprising of a ground floor commercial unit and flat at first floor (sold off on long lease). There is shared rear access to the lock up shop offering access to the rear of the shop and the first floor flat.
Nearby occupiers include a wide range of local boutique and independent retailers.
Location
The property is located on the East side of High street between the junctions with Cherry bounce and Chapel Street.
Hemel Hempstead station an approx. 1.9 miles from the property
Transport
Hemel Hempstead - National rail services
Tenancy
99 High Street
- Let on 10 year lease from 9th August 2019
- Let to a private individual
- Investment let at £14,500 p.a.
- Ground rent on the first floor flat £450 p.a.
- Total rent £14,950 p.a.
Accommodation
Please refer to the floor plan
An approx. 568 sq ft
99 High Street, Hemel Hempstead, HP1 3AH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hemel Hempstead Station1.5 miles
- Apsley Station1.9 miles
- Berkhamsted Station3.8 miles
Notes
Disclaimer - Property reference 194-18716. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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