Property Details: - Type: Detached house - Bedrooms: 3 - Bathrooms: 1
Agent: Cesare & Co - Tring Phone: 01442 493219
DESCRIPTION<br/><br/>Rarely available, Ridgmont presents a compelling opportunity to acquire a substantial mixed commercial and residential investment in a prominent position on Tring's historic High Street, within this affluent market town.<br/><br/>Extending to approximately 2,471 sq ft overall, the property combines an established ground-floor café with basement and two self-contained apartments, comprising a spacious two-bedroom apartment and a separate one-bedroom duplex.<br/><br/>The commercial element extends to approximately 1,225 sq ft, including the basement, and benefits from an impressive High Street frontage of approximately 24 ft 6 in. Occupied by Black Goo as an established café and food premises, it provides customer seating and a functioning commercial kitchen. The premises are let at £26,800 per annum under a ten-year lease commencing in February 2026.<br/><br/>On the first floor, the larger apartment provides approximately 872 sq ft of well-proportioned accommodation, including two double bedrooms, a spacious kitchen, bathroom, study and useful storage. Period details include high ceilings, decorative cornicing and an ornate fireplace.<br/><br/>The second apartment is arranged over two floors and extends to approximately 374 sq ft. The property also benefits from loft space that may offer potential for conversion to provide further accommodation, subject to the usual consents.<br/><br/>When both apartments are let, the property is expected to generate a combined gross income of approximately £58,000 per annum, representing a projected gross yield of approximately 7%.<br/><br/>To the rear is a sizeable garden and parking area, offering valuable amenity and potential for further development, subject to planning permission and all necessary statutory consents.<br/><br/>With commercial income, residential accommodation, potential break-up value and longer-term development prospects, Ridgmont is an exceptionally versatile investment in one of Hertfordshire's most desirable market towns.<br/><br/>SITUATION<br/>The historic market town of Tring is set amidst the stunning Chilterns countryside, just a few miles from major routes offering excellent access to London. The town centre features a variety of independent shops, restaurants, cafes and pubs.<br/><br/>Tring boasts excellent schooling options for all ages, including independent schools such as The Tring Park School for Performing Arts and the renowned Berkhamsted School.<br/><br/>Connections are outstanding, with easy access to the A41, linking directly to the M25 (J20), and the national motorway network. Tring's mainline station offers a fast and frequent service to London Euston, with journey times from just 36 minutes.<br/><br/>LOCAL AUTHORITY<br/>Dacorum Borough Council<br/><br/>VIEWING<br/>By appointment with Cesare & Co, 48 High Street, Tring, Hertfordshire, HP23 5AG. <br/><br/>IMPORTANT NOTICE<br/>Although these particulars, together with any photographs and/or any floor plans, are intended to give a fair description of the property, they do not constitute any offer or any part of a Contract. The Vendors, his Agents, Cesare & Co and persons in the employment do not give any warranty whatever in relation to this property. All measurements are approximate. Any appliances and/or services mentioned within these particulars have not been tested or verified by the Agent. All negotiations should be conducted through Cesare & Co.<br/><br/><b>what3words /// </b> <a target="_blank" href="https://what3words.com/pools.whimpered.surcharge">pools.whimpered.surcharge</a><br/><br/><b>Notice</b><br/>Please note we have not tested any apparatus, fixtures, fittings, or services. Purchasers must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
