This remarkable mixed-use property in the heart of Hemel Hempstead's historic Old Town represents a unique investment and development opportunity. The substantial freehold offers a blend of commercial and residential spaces, making it ideal for investors or owner-occupiers looking to generate income while enhancing property value. Notably, the property features valuable rear parking, an increasingly rare amenity in this area.
The ground floor currently accommodates a vacant retail unit, previously used as a tattoo studio, alongside two basement storage spaces totaling approximately 895 sq ft. This unit has potential rental income estimated at around £18,000 annually. Additionally, the property includes a self-contained studio space of about 242 sq ft and an expansive four-bedroom maisonette spread over the upper floors, which encompasses approximately 1,510 sq ft. While the residential section requires complete refurbishment, it holds significant potential to be transformed into a spacious family home or lucrative rental option, pending necessary approvals.
The total internal area reaches approximately 2,647 sq ft, providing ample scope for asset management and redevelopment initiatives. Historically, planning permissions have been granted for conversion and refurbishment, giving prospective buyers avenues to explore new possibilities under local authority guidelines. Situated among various independent shops, restaurants, cafes, and businesses along one of Hertfordshire's desirable high streets with easy access to transport links further enhances this property's appeal.
