Large mixed‑use property with strong footfall and long‑term conversion potential.
Freehold high‑street investment with immediate income stream
This freehold high‑street investment occupies a prominent Victorian mid‑terrace on Rickmansworth High Street, with a long‑established estate agency on ground and upper office floors and a separate gym building to the rear. The estate agent tenant has occupied and fitted the offices to a high standard since 2014; the gym has traded on site since at least 2009 and is in the process of renewing its lease. The property produces immediate income and benefits from excellent footfall, proximity to the station and nearby major retailers.
The building is substantial in size (circa 2,703 sq ft) with large display windows, period brick façade and a contemporary fitted office interior where the tenant has invested. Services include mains gas central heating and double glazing; broadband and mobile signal are strong. There is potential for longer‑term value uplift — the upper parts and gym could be considered for residential conversion subject to planning consent.
Buyers should note material considerations: the site sits on a small plot with no garden, walls are likely uninsulated (original solid brick), and the tenure is currently recorded as unknown. The local area records higher crime levels, which may affect certain occupier types, and any residential conversion will require planning approval and associated costs. These factors should be weighed against steady rental income and redevelopment upside.
Overall, this is a core high‑street holding for an investor seeking immediate income with realistic longer‑term redevelopment potential in a well‑connected, affluent town centre location.