92-96 High Street, HARPENDEN, AL5 2SP

TRIPLE UNIT FOR SALE

OIEO £2,000,000

Summary

  • Rare Harpenden Freehold
  • High Street Location
  • Triple ground floor unit(s)
  • Benefitting from A3 & A5 consents
  • Two flats above
  • Potential for substantial residential development (STP)
  • Site area 0.097 acre / 392 sq m
  • Open viewing 7 September 2021, 2.00pm
  • OIEO £2,000,000

Location

The leafy affluent town of Harpenden has been voted one of the best places to live in the UK. The town’s population is just over 30,000 and is popular with commuters given the direct rail connection to London which has contributed to property prices well over double the national average.

The property is situated in the town centre with nearby occupiers including Sainsburys, Boots, Pizza Express and many other national multiple retailers and restaurateurs.

Property

Terraced property comprising two ground floor units with potential to combine plus 1st floor trading area and 2 flats above. The property comprises the following:

92, 92A & 94 High Street (A3 consent)

 

  • Ground Floor Open plan bar / dining area with open kitchen and further dining area to the rear
  • First Floor Private dining area, WC & self contained flat providing 4 rooms, kitchen and bathroom
  • Second Floor Staff and comms room
  • Basement WC
  • External Side access to rear
96 High Street (A5 consent)

 

  • Ground Floor Counter area and kitchen
  • First Floor Residential accommodation comprising 3 rooms & bathroom
  • External Disused store room

From digital mapping we estimate that the property provides the following approximate areas:

  • Total Site Area 0.097 acre 392 sq m
  • Gross Built Area (Ground) 3,313 sq ft 308 sq m
  • Total Floor Area 5,002 sq ft 464 sq m

Development Potential

In our view there is excellent residential development potential, possibly by constructing an additional storey and demolishing the rear of the property and creating a purpose built apartment block, subject to planning.

Terms

We are instructed to invite offers in excess of £2,000,000 for the benefit of our client’s freehold interest with vacant possession.

Rating Assessment

We have been verbally advised by the local rating authority that the current rateable values are:

92-94 High Street – £45,500.
96 High Street – £9,400.

Council tax ratings are as follows:

92A High Street – Band C
Flat at 96 High Street – Band C.

Interested parties are advised to verify these figures with St Albans City & District Council on 01727 866100.

Energy Performance Certificate

A copy of the EPC’s are available on request and the properties are rated C72 (92-94 High Street) and G169 (96 High Street).

Legal Costs

Each party is to be responsible for their own legal costs incurred in the transaction.

Open Viewing

7 September 2021, 2.00pm. For further information contact Drake & Company.

Virtual Viewing

For further information contact sole agents - 020 7495 7500