Log In/Sign Up
Your email has been sent.
49 High St 653 SF Retail Building Hemel Hempstead HP1 3AF $802,692 CAD ($1,229.24 CAD/SF)
Investment Highlights
- Prime location in Hemel Hempstead Old Town opposite the Market Place.
- Two residential apartments with combined potential rental of approx. £21,600 p.a
- Ground floor and basement retail unit on a sale and leaseback at £12,500 p.a.
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
$802,692 CAD
Price Per SF
$1,229.24 CAD
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 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
49 High St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.