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11A Hempstead Road, Kings Langley, Hertfordshire

For Sale: £305,000

817 Sq Ft (75.9 Sq M)

Freehold fully let income producing GF retail unit and long leasehold flat investment

Shop let to Ladbrokes

Income £21,330 pa

Shop let from 24 June2011 on a lease expiring 23 June 2028

Gross initial yield 7%

Opportunities to improve value with 59 years remaining on residential lease

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Property Description

The property comprises an end-of-terrace ground floor retail unit and the flat above within a purpose built block of 6 shops and flats that includes a Simmons bakery, Hospice of St Francis charity shop, a health food shop, a newsagents with Post Office and a Fish and Chip shop.
The flat is believed to be a 2 bedroomed flat accessed via an external staircase at the rear off the side road, Common Lane, and also has the benefit of a concrete framed garage at the rear.

Contact

Ian Archer

07730766932

Connor Harrington

07811 804967