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Sold STC

High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AE

Offers In Excess Of £350,000Freehold

311

Key Information

Tenure:Freehold
Council tax band:C
Broadband:up to 330Mbps
Mobile signal:*Based on indoor data coverage
O2ThreeVodafone

Key Features

FREEHOLD INVESTMENT
A1 GROUND FLOOR SHOP AND 1ST FLOOR FLAT
TOTAL 1,705 SQ. FT
HIGH STREET LOCATION
WELL COMPLEMENTED BY OTHER BUSINESSES
RENTAL INCOME ACHIEVABLE £30,0000 PER ANNUM
COMMERCIAL UNIT LET FOR MINIMUM 4 YEARS
1ST FLOOR APARTMENT NEEDS RE FURBISHMENT TO LET

Description

Squire Estates are delighted to welcome to the market a FREEHOLD INVESTMENT comprising of a GROUND FLOOR SHOP and 1ST FLOOR, 3 BEDROOM FLAT situated within the popular Old Town of Hemel Hempstead. The property is in need of some refurbishment but benefits from being located among a parade of complimentary shops and local businesses leading to a good level of footfall and passing trade.

The ground floor shop has large windows to the front and a W/C,, kitchen and store room. to the rear. The first floor flat currently has 2 double and 1 single bedrooms, a fully fitted kitchen and spacious lounge.

We are advised that the commercial premises are being sold with a tenant in situ with 4 years remaining on the lease
The total rental income for the property with a tenant in the first floor flat would be between £30,000 and £35,000. This property is Grade 2 listed.

Hemel Hempatead Old Town is a much-loved local area full of historic character and charm, with many listed buildings set within a conservation area. The High Street has a community atmosphere and is a unique shopping experience featuring many speciality shops and services. The Old Town is well serviced in terms of transport links with the M1 and M25 nearby as well as good local schools including St Georges Primary and Laureate Secondary school.

Arrange Viewing

George Street Primary School
(0.18 miles)
Good
Number of pupils: 237
Age Range: 3 - 11
The Collett School
(0.43 miles)
Good
Number of pupils: 129
Age Range: 4 - 16
Gade Valley Primary School
(0.45 miles)
Good
Number of pupils: 221
Age Range: 3 - 11
St Cuthbert Mayne Catholic Junior School
(0.48 miles)
Good
Number of pupils: 235
Age Range: 7 - 11
Laureate Academy
(0.48 miles)
Number of pupils: 706
Age Range: 11 - 18
South Hill Primary School
(0.63 miles)
Good
Number of pupils: 411
Age Range: 5 - 11
Broadfield Academy
(0.64 miles)
Number of pupils: 397
Age Range: 3 - 11
The Hemel Hempstead School
(0.69 miles)
Good
Number of pupils: 1255
Age Range: 11 - 18
Yewtree Primary School
(0.7 miles)
Requires Improvement
Number of pupils: 326
Age Range: 3 - 11
Jupiter Community Free School
(0.84 miles)
Good
Number of pupils: 392
Age Range: 4 - 11

Payment Calculator

Mortgage

Estimated Monthly Mortgage Payment:
£1,841 /mo.25 Years, 5% Interest
Loan
£315,000
Total Repay
£552,438

Stamp Duty

You’ll have to pay the stamp duty of:
£5,000
0% up to £250,000
5% between £250,000 and £925,000
Your effective stamp duty rate is 1.43%

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