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49 High St 653 SF Retail Building Hemel Hempstead HP1 3AF $570,478 ($873.63/SF)
Investment Highlights
- Retail and residential investment opportunity with an income from Day 1 of £22,100 but potential for £34,100.
- Part let, with potential to improve the income.
- 2 residential apartments - one let and one to be vacant.
- In attractive Old Town area of Hemel Hempstead.
Executive Summary
This mixed-use investment property offers a compelling opportunity within Hemel Hempstead’s historic Old Town. The asset comprises a ground floor and basement retail unit, available on a sale and leaseback arrangement, plus two maisonette apartments located above and behind the shop. The retail element will be leased back to the vendor for £12,500 per annum under a new 10-year FRI lease, providing secure income from completion.
The two residential flats offer additional income potential. Flat 49c is currently let on a tenancy, while Flat 49a will be sold vacant, providing options for refurbishment and re-letting. The combined estimated rental income for the residential units is around £21,600 per annum, creating a total potential income of £34,100 per annum when fully occupied.
Prominently positioned opposite the Old Market Place on Hemel Hempstead High Street, the property benefits from recent streetscape investment and strong footfall. This is a sought-after location in an area that has experienced significant residential growth and infrastructure improvements.
Quoting Price: £432,000 (offers in the region of)
The two residential flats offer additional income potential. Flat 49c is currently let on a tenancy, while Flat 49a will be sold vacant, providing options for refurbishment and re-letting. The combined estimated rental income for the residential units is around £21,600 per annum, creating a total potential income of £34,100 per annum when fully occupied.
Prominently positioned opposite the Old Market Place on Hemel Hempstead High Street, the property benefits from recent streetscape investment and strong footfall. This is a sought-after location in an area that has experienced significant residential growth and infrastructure improvements.
Quoting Price: £432,000 (offers in the region of)
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
653 SF
Building Class
B
Year Built
1932
Price
$570,478
Price Per SF
$873.63
Tenancy
Single
Building Height
3 Stories
Building FAR
0.15
Lot Size
0.10 AC
Frontage
13’ on High St
Amenities
- Security System
1 1
Nearby Major Retailers
1 of 12
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49 High St
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