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4 bed terraced house
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Our Summary
- Offers in excess of £525,000Prime freehold commercial & residential investment / development opportunity with parkingAlso available as separate leasehold opportunities
- Occupying a prominent position within the heart of Hemel Hempstead's historic Old Town, this substantial freehold property presents an excellent opportunity for investors, developers and owner occupiers alike
- The retail unit was most recently occupied as a tattoo studio and we believe it is capable of generating a rental income of circa £18,000 per annum, offering an attractive investment opportunity
- The residential accommodation now requires complete refurbishment throughout but offers exceptional scope to create a spacious family home, high-quality rental investment or alternative residential scheme, subject to any necessary consents
- The total internal floor area extends to approximately 2,647 sq ft, making this a rare mixed-use opportunity offering immediate commercial income potential together with significant asset management and redevelopment prospects
- The property has historically benefited from planning permission for conversion and redevelopment
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Description
The property occupies a prominent position in Hemel Hempstead's historic Old Town and comprises a ground floor retail premises with two basement storage areas extending to 895 sq ft, a self-contained studio of 242 sq ft, and a four-bedroom maisonette over the upper floors, which extends to 1,510 sq ft. The total internal floor area is circa 2,647 sq ft, with the property benefiting from parking to the rear. The retail unit is located on the ground floor and was most recently used as a tattoo studio, while the studio and maisonette above require complete refurbishment.
The property has a mix of vacant and occupied areas, with the retail unit available for immediate rental income and the upper floors offering significant asset management and redevelopment prospects.