Princess Mary House, Bluecoats Avenue, Hertford, Hertfordshire, SG14 1PB
115 Fore Street
Tel: 01992 558557
About the Property
We hold keys for viewings 7 days a week – An exceptional opportunity to purchase this stunning detached office unit with a current rental yield of £114,000 PA. There are 18 allocated parking spaces which are themselves worth £324,000 if sold individually at the going rate of £18,000 each.
Three of the identical buildings in the exclusive former private boarding school have been converted into apartments, there is therefore a precedence in obtaining planning permission for a similar conversion.
Resales of 6 apartments in this building should net £3,000,000 with a net rental return of approx £135,000 PA although based upon the current rental market this could be higher.
The current owners would be willing to rent 2 out of the 3 floors back as office space for £76,000 PA for approx 2 years if a new purchaser was interested.