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The Harpenden Estate, Harpenden, Hertfordshire

London - M25

dba040

Tenure: Mixed
Tenancy: Mixed

Investment summary

•Harpenden is an affluent town in Hertfordshire benefiting from excellent communications.

•A prime Town Centre mixed-use Freehold Estate totalling 2,971.6 sq m (31,988 sq ft).

•The unbroken estate comprises 28 shops, 7 office suites and 7 apartments.

•The total income is derived from 65.9% retail and 18.4% residential uses.

•Current Income of £815,190 per annum with an estimated rental value of £1,064,648.

•Multi-let to tenants including Halifax Building Society, Johnsons Cleaners UK Limited, C&J Clark International Ltd, TM Group Holdings Ltd (Forbouys), Thomas Cook Retail Ltd, Perfect Pizza Ltd and Connells Residential.

•Detailed Planning Consent to create 17 apartments.

•Active management opportunities to enhance income and capital value.

•Net initial yield of 5.25%.