This impressive freehold property represents a valuable opportunity for investors and developers in the heart of Hemel Hempstead's historic Old Town. With a unique mixed-use arrangement, the property includes a vacant retail unit, basement storage areas, and a four-bedroom maisonette requiring complete refurbishment. The ground floor retail space, previously utilized as a tattoo studio, offers immediate income potential of around £18,000 per year. Additionally, with rare parking available at the rear, this property enhances its appeal further.
The residential component spans approximately 1,510 sq ft and is ideal for creating a spacious family home or high-quality rental investment once renovated. The total internal area is about 2,647 sq ft, providing ample space for both residential and commercial uses. Interested buyers should explore the previous planning permissions available through the local council, which may facilitate further development opportunities.
Set in an attractive and desirable High Street environment surrounded by independent retailers and eateries, this property not only emphasizes immediate income but significant long-term asset management potential as well.
