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3-3 Thompsons Close 3,122 SF 58% Leased Retail Building Harpenden AL5 4ES $1,101,116 ($352.70/SF)

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INVESTMENT HIGHLIGHTS

  • Prime retail location
  • Good location within Harpenden town centre
  • Residential conversion potential

EXECUTIVE SUMMARY

Prime investment opportunity to purchase the freehold interest in this mixed-use commercial detached property.
The ground floor restaurant has been let out on a new 15­ year lease from August 2024 at an annual rent of £30,000 to an existing tenant who has traded there for 15 years. The property is subject to 5 yearly rent reviews.
The ground floor houses a self contained fully fitted restaurant, while the first floor consists of self-contained office spaces accessible via a
separate staircase. The offices are potentially suitable for conversion to residential subject to planning.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,122 SF
Year Built
1980
Price
$1,101,116
Price Per SF
$352.70
Percent Leased
58%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.79
Lot Size
0.04 AC
Frontage
38’ on Thompsons Close

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 1,312 SF
  • Office
  • -
  • Now

The premises is a first floor self contained office space, in a central location in Harpenden. It comprises of kitchenette & WCs, meeting rooms, open plan office space and storage rooms. Positioned with good transport links to London, Luton, and St Albans.

Space Size Space Use Position Available
1st Floor 1,312 SF Office - Now

1st Floor

Size
1,312 SF
Space Use
Office
Position
-
Available
Now

1st Floor

Size 1,312 SF
Space Use Office
Position -
Available Now

The premises is a first floor self contained office space, in a central location in Harpenden. It comprises of kitchenette & WCs, meeting rooms, open plan office space and storage rooms. Positioned with good transport links to London, Luton, and St Albans.

NEARBY MAJOR RETAILERS

Waitrose & Partners
Morrisons
Sainsbury's
Barclays Bank
Sainsburys Supermarkets
Giggling Squid
Costa Coffee
Lloyds Bank Plc
Tesco
Co-op
  • Listing ID: 32790133

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 3-3 Thompsons Close, Harpenden AL5 4ES

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