The property comprises a high yielding mixed-use investment occupying a prominent pitch and with a number of asset management opportunities.

Arranged across ground, first and second floors, the property is currently let as offices to the ground floor, with the upper parts comprising two residential units which are sold off on a long leasehold basis.

The ground floor is let to Knox Cropper Chartered Accountants on a 12 year lease expiring April 2026 and paying £26,947 per annum. The tenants are long term occupiers, having been in occupation for approx. 30 years.

The property offers asset management potential, with an opportunity to sub-divide the ground floor into separate units and improve both the rents and diversity of the asset.

Additionally, the property may benefit from development potential, and we understand a positive pre-app response has been received for conversion of the ground floor to provide 2 x two bedroom flats. Any development potential is subject to the existing leases and any requisite consents.

The property includes a rear yard and car park comprising seven spaces, two of which are within a large garage. Thee of these spaces are let to the residential long leaseholds and the remaining four spaces are used by the ground floor tenant. The yard includes four storage sheds which are sold with vacant possession.

The property occupies a prominent pitch on London Road, which comprises the principal retail amenity of Apsley, an affluent suburb of Hemel Hempstead. The area is characterised by a mix of residential and retail use.