Marketed by
Brasier Freeth
London
53 Duke St, London W1C 2PF
Under Offer
1 of 11
£1,445,000
29 & 29A High Street, Harpenden, AL5 2RU
2747 sq. ft (255.2 m²)
Key features
- Substantial and attractive building located in 100% prime trading position on High Street
- Freehold
- New lease-back to Mountain Warehouse Ltd providing a total of 10 years unexpired term certain
- Attractive covenant
- Mountain Warehouse have been trading successfully here for over ten years
- Lease-back rent of £100,000 per annum, which reflects £100 Zone A providing excellent prospects for rental growth
- The freehold includes adjoining WH Smith's and five residential flats sold off on a LLH basis
Description
The property comprises two ground floor retail units with part storage at first floor, together with five residential flats above that are self-contained with an entrance from the high street, that have been sold off.
Mountain Warehouse occupy part of the ground floor. The other half of the ground floor is occupied by WH Smith where there is a Long Leasehold of their unit at a peppercorn rent. There are five residential flats, each sold on 125 year leases from 25th December 2007.
Unit Name: g | 2522 sqft |
Unit Name: 1st | 225 sqft |
Mountain Warehouse occupy part of the ground floor. The other half of the ground floor is occupied by WH Smith where there is a Long Leasehold of their unit at a peppercorn rent. There are five residential flats, each sold on 125 year leases from 25th December 2007.
Unit Name: g | 2522 sqft |
Unit Name: 1st | 225 sqft |
Reference: 332539_sales
Marketed by
Brasier Freeth
London
53 Duke St, London W1C 2PF
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