This Property is currently unavailable

For more properties within this area click here

Retail Units & Shops

Hertfordshire

Harpenden

property

23-25 High St, Harpden, Harpenden - Picture 2023-03-20-11-36-22

Sold

23-25 High St, Harpenden 23-25 High Street, Harpenden, AL5 2RU

Use Class

Size

7,845 sq ft

Rent pa

POA

Price

£3,500,000

Market Sector

High Street Scheme

Key Features

Let to Boots UK Limited.
Exciting Development Opportunity.
Harpenden is an affluent commuter town in the district of St Albans with excellent train links into London (26 minutes).
The town has a 15 minute drive time population of 158,799 people and the majority falling within social classes AB and C1 (most affluent).
The freehold property comprises a total of 7,845 sq.ft arranged over ground, first, and second floors.
Rent rebased in 2019 to £175,000 pa, with 6.5 years unexpired.
Offers invited at £3.5m, reflecting a Net Initial Yield of 4.71%, after purchaser’s costs of 6.20%.
Potential for an exciting residential development to the rear following a positive pre-application with the local authority (details herein), subject to necessary planning consents and vacant possession.

Description

Prime High Street Retail Investment

The subject property is situated in a 100% prime position on the High Street in the retail heart of Harpenden. The property is located between Gails Bakery which opened in the last two years, and the library, and nearby occupiers include Costa, WH Smith, Mountain Warehouse, Mint Velvet, and Sainsbury’s, amongst other multiples and strong independent traders. There is plenty of car parking in the town centre, provided by theNCP car park, Bowers Way West above the Sainsbury’s food store, and to the rear of Waitrose, together with other smaller paid car parks nearby. The train station is a 5 minute walk southeast of the property.

Location

Harpenden is an affluent and prosperous commuter town in the county of Hertfordshire and the district of St Albans, situated approximately 40 km (25 miles) north west of Central London, 8 km (5 miles) north of St Albans, 8 km (5 miles) south of Luton and 11 km (7 miles) north east of Hemel Hempstead.

The town benefits from excellent transport communications.

Accommodation

7,845 Sq.Ft

The building is arranged over 3 storeys, ground and two upper floors. The property provides clear retail sales on the ground floor which is currently fitted out in line with Boots’ typical store fit out. There is ancillary accommodation on the upper floors, with a small single storey building to the rear which is currently used for remote storage. There are c. 6 car parking spaces to the rear. The site provides a coverage of 0.209 acres.

Dimensions

Feet

Metres

Gross Frontage

44.25

13.5

Areas

Sq.Ft

Sq.M

Ground Floor Sales

4,674

434

Ground Floor Ancillary

141

13.1

First Floor Ancillary

2,346

217

Second Floor Ancillary

684

63.5

Downloads

Brochure

23-25 High St, Harpenden, Harpenden - Brochure 2023-03-21-16-25-27

More Information

Website

Financial

Tenure

Freehold

Sustainability

Energy Performance Certificate

Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.