High Street, Old Town, HP1

OFFERS IN EXCESS OF £525,000

PRIME FREEHOLD COMMERCIAL & RESIDENTIAL INVESTMENT / DEVELOPMENT OPPORTUNITY WITH PARKING

Also available as separate leasehold opportunities.

Occupying a prominent position within the heart of Hemel Hempstead's historic Old Town, this substantial freehold property presents an excellent opportunity for investors, developers and owner occupiers alike. The property benefits from PARKING TO THE REAR, a rare and valuable feature within the Old Town of Hemel Hempstead, further enhancing the appeal of this unique mixed-use opportunity.

The property comprises a vacant ground floor retail premises together with two useful basement storage areas extending to a combined circa 895 sq ft. The retail unit was most recently occupied as a tattoo studio and we believe it is capable of generating a rental income of circa £18,000 per annum, offering an attractive investment opportunity.

To the rear of the property is a self-contained studio extending to circa 242 sq ft, together with separate access leading to a substantial four-bedroom maisonette arranged over the upper floors extending to circa 1,510 sq ft. The residential accommodation now requires complete refurbishment throughout but offers exceptional scope to create a spacious family home, high-quality rental investment or alternative residential scheme, subject to any necessary consents.

The total internal floor area extends to approximately 2,647 sq ft, making this a rare mixed-use opportunity offering immediate commercial income potential together with significant asset management and redevelopment prospects.

The property has historically benefited from planning permission for conversion and redevelopment. Interested parties are encouraged to make their own enquiries and review the previous planning applications via the Dacorum Borough Council Planning Portal by searching 27 High Street, HP1 3AA.

Positioned within one of Hertfordshire's most desirable and characterful High Streets, the property enjoys excellent frontage amongst an established mix of independent retailers, restaurants, cafés, public houses and professional businesses. Hemel Hempstead town centre, the mainline railway station and the M1 motorway are all within easy reach.

ACCOMMODATION

Ground Floor Retail Unit & Basement Areas – Circa 895 sq ft

Rear Studio – Circa 242 sq ft

Four Bedroom Maisonette – Circa 1,510 sq ft

Total Internal Floor Area – Circa 2,647 sq ft

TENURE

Freehold with vacant possession.

The property is also available as separate leasehold opportunities. Further information is available upon request.

PLANNING

The property has previously been the subject of planning permissions relating to conversion and redevelopment. Copies of the historic planning applications can be viewed via the Dacorum Borough Council Planning Portal by searching 27 High Street, HP1 3AA. Prospective purchasers should satisfy themselves as to any future development potential by making their own enquiries with the Local Planning Authority.

VIEWINGS

Strictly by appointment through David Doyle Estate Agents.

A rare opportunity to acquire a substantial mixed-use freehold property extending to circa 2,647 sq ft in one of Hemel Hempstead's most sought-after locations, offering immediate commercial income potential together with significant refurbishment, asset management and redevelopment opportunities.