14-18 Station Road, Harpenden, AL5 4SW

Property Details: • Type: Retail Property (high street) • Tenure: FREEHOLD • Floor Area: 4871 sqft

Key Features: • Total current income £72,400 per annum • Potential to increase to £101,110 per annum • Net initial yield 5.5% • Freehold investment

Location: • Nearest Station: Harpenden Station • Distance to Station: 0.07171035493716534 miles

Agent Information: • Address: Suite 1A, Building 6, Hatters Lane, Croxley Park, Watford, WD18 8YH

Full Description: Description<br />Two storey end of terrace premises divided into two retail units known as 14 and 16 Station Road together with a long leasehold property at 18 Station Road. There are 3 self contained flats known as 14a, 14b and 16b Station Road with a further long leasehold flat at 18b. Each property is let individually save for 14 High Street where the vendor will vacate prior to completion. The current total income is £72,400 per annum which will increase to £101,110 per annum on the letting of 14 High Street. The retail unit and the flat at 18 and 18a have been let on a long leasehold producing a peppercorn rent.<br /><br />Location<br />Northern side of Station Road approximately 100 metres (0.6 miles) east of its junction with the High Street (A108) in the centre of the town of Harpenden.<br /><br />Viewings<br />Strictly by appointment via sole agent.<br /><br />Tenancy Schedule<br />Ground Floor 14 Station Road ERV: £28,710 - vacant<br />Ground Floor 16 Station Road Rent: £28,000 <br />Ground Floor 18 Station Road Rent: peppercorn - sold by way of 999 year lease<br />First Floor 14a Station Road Rent: £14,400 per annum<br />First Floor 14b Station Road Rent: £12,600 per annum<br />First Floor 16a Station Road Rent: £17,400 per annum<br />First Floor 18a Station Road Rent: peppercorn - sold by way of 999 year lease