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
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.