Summary - 3, THOMPSONS CLOSE AL5 4ES
1 bed 1 bath Office
Central investment with conversion potential and immediate income.
- Ground floor restaurant let on a new 15-year lease
A versatile two-storey mixed commercial building in the centre of Harpenden, offered with the ground floor currently let on a new 15-year lease and self-contained first-floor offices above. The property totals approximately 3,122 sq ft with direct street frontage, a small paved forecourt and convenient access to local car parks and town-centre amenities. VAT is not payable on the sale.
The first-floor offices are self-contained and receive good natural light; they offer immediate rental income or potential for conversion to residential use subject to planning consents. Broadband speeds are fast and mobile signal is excellent, supporting modern occupier needs. The building construction is brick with a pitched tiled roof and a contemporary mixed-use appearance.
Important considerations: the current 15-year lease term and its structure may deter some mortgage lenders, which could affect traditional financing options. The plot is small and the property sits in an area with a recorded very high crime level, which prospective buyers should factor into valuations and insurance costs. Planning approval will be required for any change of use or significant refurbishment works.
This asset will suit investors looking for a central Harpenden holding with immediate income and medium-term asset-management or conversion potential, or an owner-occupier prepared to manage leasing and any refurbishment or planning process.
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