16 High St
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16 High St
4,829 SF 100% Leased Retail Building Harpenden AL5 2TD £3,500,000 (£725/SF)
Investment Highlights
- Former bank premioses with planning permission for conversio of resdential upper parts to residential
- Strong retail demand for ground floor commercial units
- Thriving commuter town
Executive Summary
Town centre freehold retail & residential re-development opportunioty in the thriving commuter town of Harpenden.
Harpenden is a prosperous commuter town having a population of close to 30,000 and is situated equidistant between St Albans and Luton with both towns being 4 miles (6.43km) away. Major retailers in the town include Waitrose, Sainsbury's Marks & Spencer, Boots and WH Smith as well as a wealth of independent retailers and restaurants.
The property occupies a prominent corner location and the junction of High Street and Leyton Green close to many multiple retailers and a within a short walk of Harpenden Station.
16 High Street was previously occupied by Barclays Bank and is arranged to form a ground floor banking hall with a basement strongroom, ancillary on part first floor and staff facilities on part second floor.
The property is currently accessed from an entrance on the corner of High Street and Leyton Green but has the potential of a second entrance from High Street thereby allowing the ground floor to be sub-divided if required. The remainder of the upper parts comprise four one bedroom flats which are accessed from the rear of the property via an external staircase.
The property is to be sold with vacant possession for the areas formally occupied by Barclays Bank. The four residential flats are subject to Assured Shorthold Tenancies. Further details are available.
The property has an established use within Class E of the Town & Country Planning (Uses Class) Order. Planning permission was granted on 19th January 2022 for the subdivision of the ground floor to provide three commercial units (Class E) and change of use of part first and part second floors to provide five additional one bedroom flats, following a part two storey and part first floor extension. Planning Ref: 5/2021/2515. Further details on request. Floor plans of the existing layout are attached. Full drawings of the proposed scheme are available.
Offers are iunvited in the region of £3,500,000 subject to vacant poession amd the existing for AST's.
Harpenden is a prosperous commuter town having a population of close to 30,000 and is situated equidistant between St Albans and Luton with both towns being 4 miles (6.43km) away. Major retailers in the town include Waitrose, Sainsbury's Marks & Spencer, Boots and WH Smith as well as a wealth of independent retailers and restaurants.
The property occupies a prominent corner location and the junction of High Street and Leyton Green close to many multiple retailers and a within a short walk of Harpenden Station.
16 High Street was previously occupied by Barclays Bank and is arranged to form a ground floor banking hall with a basement strongroom, ancillary on part first floor and staff facilities on part second floor.
The property is currently accessed from an entrance on the corner of High Street and Leyton Green but has the potential of a second entrance from High Street thereby allowing the ground floor to be sub-divided if required. The remainder of the upper parts comprise four one bedroom flats which are accessed from the rear of the property via an external staircase.
The property is to be sold with vacant possession for the areas formally occupied by Barclays Bank. The four residential flats are subject to Assured Shorthold Tenancies. Further details are available.
The property has an established use within Class E of the Town & Country Planning (Uses Class) Order. Planning permission was granted on 19th January 2022 for the subdivision of the ground floor to provide three commercial units (Class E) and change of use of part first and part second floors to provide five additional one bedroom flats, following a part two storey and part first floor extension. Planning Ref: 5/2021/2515. Further details on request. Floor plans of the existing layout are attached. Full drawings of the proposed scheme are available.
Offers are iunvited in the region of £3,500,000 subject to vacant poession amd the existing for AST's.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
4,829 SF
Building Class
B
Year Built
1931
Price
£3,500,000
Price Per SF
£725
Percent Leased
100%
Number of Floors
3
Amenities
- Air Conditioning
1 of 1
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Paul Jessop -
Jessop & Co Limited
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16 High St
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