Old Town, Hemel Hempstead, Hertfordshire

£150,000 Under Offer
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Property Description

This property comprises of ground floor lockup shop with single toilet to the rear. The property is situated in Queensway directly opposite The Old High Street in Central Hemel Hempstead. The Old Town is particularly characterful with many pubs, restaurants and specialist shops within easy walking distance and public car parking nearby. Hemel Hempstead has access to the A41 dual carriage way which is within 2 miles distance, providing rapid access to the M25 at Junction 20, approximately 4 miles distance. Junction 8 of the M1 is approximately 3 miles away. Hemel Hempstead is served by a mainline railway station (Euston is approximately 30 minutes) The shop will be sold with vacant potential and would be ideal for an owner operator or an investor looking for a good return. The current passing rent is £11,000 per annum. According to the VOA website the current rateable value is £9,800 per annum. This could lead to the property having a £0 rates bill for small retailers. The property curently enjoys Class E planning consent. The property will be sold on a new 150 year lease. Shop Width, 18 ft 5.49m / Ground Floor, 547.02 sq ft 50.82 sq m.