Summary - 14-18 Station Road, Harpenden, AL5 4SW AL5 4SW
1 bed 1 bath Retail Property (high street)
Large freehold town-centre parade with clear rental uplift potential.
Freehold parade with mixed retail and residential units, approx. 4,871 sq ft
An unusually large freehold high-street investment in central Harpenden, offered with an immediate income of £72,400 pa and clear scope to increase to £101,110 pa once the vacant retail unit is let. The parade comprises three adjoining retail units with six self-contained flats above, arranged across approximately 4,871 sq ft. The quoted net initial yield is 5.5% at the asking price of £1,710,000.
The building is Victorian in character and presents straightforward asset-management upside: vacant retail space to relet, several flats already producing rental income, and potential to review peppercorn long leases at 18 Station Road. Construction is traditional brick with street-facing shopfronts and a practical two-storey layout suited to continued retail and residential lettings or active refurbishment to boost rents.
Investors should note material factors plainly: there are long leasehold flats producing peppercorn rents that constrain immediate income at 18 Station Road, and the property sits in an area recorded as very high crime, which may affect tenant mix and insurance costs. The retail units are small-to-average and there is no external garden or amenity space; some units may need refurbishment to achieve ERV assumptions.
For a buyer seeking a freehold town-centre holding with visible rental upside and repositioning potential, this provides scale, location and mixed-use diversification. The proximity to the main High Street and local transport links supports retail demand, but realistic budgeting for refurbishment, tenancy re-gears and insurance/management in a higher-crime area will be essential to unlock full value.
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