3-3 Thompsons Close
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3-3 Thompsons Close
3,122 SF 100% Leased Retail Building Harpenden AL5 4ES $1,024,980 ($328/SF)
Investment Highlights
- Prime retail location
- Good location within Harpenden town centre
- Residential conversion potential
Executive Summary
Prime investment opportunity to purchase the freehold interest in this mixed-use commercial detached property.
The ground floor restaurant has been let out on a new 15 year lease from August 2024 at an annual rent of £30,000 to an existing tenant who has traded there for 15 years. The property is subject to 5 yearly rent reviews.
The ground floor houses a self contained fully fitted restaurant, while the first floor consists of self-contained office spaces accessible via a
separate staircase. The offices are potentially suitable for conversion to residential subject to planning.
The ground floor restaurant has been let out on a new 15 year lease from August 2024 at an annual rent of £30,000 to an existing tenant who has traded there for 15 years. The property is subject to 5 yearly rent reviews.
The ground floor houses a self contained fully fitted restaurant, while the first floor consists of self-contained office spaces accessible via a
separate staircase. The offices are potentially suitable for conversion to residential subject to planning.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,122 SF
Year Built
1980
Price
$1,024,980
Price Per SF
$328
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.87
Lot Size
0.04 AC
Frontage
38 FT on Thompsons Close
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3-3 Thompsons Close
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