Retail Investment Commercial

300 High Street, Berkhamsted, Hertfordshire, HP4 1ZZ

£9,500,000 for the Freehold | 27,199 Sq Ft

Property details

A substantial freehold town-centre retail and leisure investment occupying a prominent position fronting Berkhamsted High Street. The property is arranged as three self-contained units, comprising an M&S Foodhall with separate Costa and PizzaExpress accommodation. The site includes ancillary accommodation, rear servicing, customer parking and external areas. The established national occupiers and prominent frontage support long-term appeal.

Location

Berkhamsted is an affluent and historic Hertfordshire market town situated within the Chiltern Hills, approximately 30 miles north-west of Central London. The town combines an attractive historic centre with a strong mix of national retailers, quality independent businesses, cafés and restaurants. The A41 provides direct access to the M25 and M1, while Berkhamsted railway station offers regular services to London Euston in approximately 35 minutes. The Grand Union Canal, Berkhamsted Castle, the Ashridge Estate and highly regarded local schools further support the town's residential and visitor appeal. 300 High Street occupies a prominent western town-centre position within the established retail and leisure pitch, benefiting from strong visibility, High Street frontage, rear access, servicing and customer parking.

Accommodation

A substantial freehold town-centre retail and leisure investment occupying a prominent position fronting Berkhamsted High Street. The property is arranged as three self-contained units, comprising an M&S Foodhall with separate Costa and Pizza Express accommodation. The site includes ancillary accommodation, rear servicing, customer parking and external areas. The established national occupiers and prominent frontage support long-term appeal.

Legal Costs

Each party to bear their own costs.

Terms

Offers sought in the region of £9,500,000 for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of approximately 6.06%, assuming purchaser's costs of 6.80%.