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3-3 Thompsons Close 3,122 sq ft 58% Let Retail Property Harpenden AL5 4ES £825,000 (£264.25/sq ft)
Investment Highlights
- Prime retail location
- Good location within Harpenden town centre
- Residential conversion potential
Executive Summary
Prime investment opportunity to purchase the freehold interest in this mixed-use commercial detached property.
The ground floor restaurant has been let out on a new 15 year lease from August 2024 at an annual rent of £30,000 to an existing tenant who has traded there for 15 years. The property is subject to 5 yearly rent reviews.
The ground floor houses a self contained fully fitted restaurant, while the first floor consists of self-contained office spaces accessible via a
separate staircase. The offices are potentially suitable for conversion to residential subject to planning.
The ground floor restaurant has been let out on a new 15 year lease from August 2024 at an annual rent of £30,000 to an existing tenant who has traded there for 15 years. The property is subject to 5 yearly rent reviews.
The ground floor houses a self contained fully fitted restaurant, while the first floor consists of self-contained office spaces accessible via a
separate staircase. The offices are potentially suitable for conversion to residential subject to planning.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
3,122 sq ft
Year Built
1980
Price
£825,000
Price per sq ft
£264.25
Occupancy Rate
58%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.79
Total Plot Size
0.04 ac
Frontage
38 ft on Thompsons Close
Amenities
- Restaurant
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The premises is a first floor self contained office space, in a central location in Harpenden. It comprises of kitchenette & WCs, meeting rooms, open plan office space and storage rooms. Positioned with good transport links to London, Luton, and St Albans.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,312 sq ft | Office | - | Now |
1st Floor
| Size |
| 1,312 sq ft |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,312 sq ft |
| Space Use | Office |
| Position | - |
| Available | Now |
The premises is a first floor self contained office space, in a central location in Harpenden. It comprises of kitchenette & WCs, meeting rooms, open plan office space and storage rooms. Positioned with good transport links to London, Luton, and St Albans.
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3-3 Thompsons Close
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