HP3 52 London Road, Apsley

Retail & residential freehold investment for sale featuring a ground floor shop and 1st floor one bedroom flat in Apsley.

The property comprises a mid-terraced property, featuring a ground floor shop along with a one bedroom flat at first floor level. The ground currently trades as a beauty salon and is configured as sales area to the front, along with two treatment rooms, a small kitchen and a W/C to the rear. The first floor comprises a one-bedroom flat, with reception room, kitchen, bathroom and double bedroom. There is no external space or parking to the property.

The property is available on a Freehold basis.

The ground floor retail unit is let producing a passing rent of £15,600 per annum exclusive.

The first floor one bed flat is let on standard AST terms for 6 months at a passing rent of £1,100 per calendar month.

Freehold mixed-use investment opportunity

Prominent main road position fronting the A4251 London Road

Ground floor income producing retail unit producing £15,600 per annum exclusive

First floor one bedroom flat let on a 6-month AST agreement at £1,100 pcm

Asset management and rental growth potential

Well-connected location close to Apsley railway station

Established local commercial parade

Offers invited in excess of £380,000 for the freehold interest

Apsley is a suburb of Hemel Hempstead, located just South of the town centre and situated along the Grand Union Canal. The area is well connected, with Apsley railway station providing fast services to London Euston. Apsley has convenient access to the A41 within a few minutes' drive, providing fast links to the M25 as well as Berkhamsted and Tring.

The property is located in a prominent position fronting the busy A4251 London Road which is the main thoroughfare through Apsley. Other nearby occupiers include Wickes, Dunelm along with a number of independent takeaway restaurants and professional service operators.