April 12. Reopening day for non essential shops, hairdressers and pubs/restaurants with gardens

 

Selfridges in Harpenden?

By Ron Taylor. Editor


When you look at the incredible variety of retail shops in Harpenden and Southdown it all adds up to a giant departmental store.


UPDATED OCTOBER 2019


So next time you think of going to shop in London, think again, it could all be here on your doorstep. Save the train fare, spend a day in ‘the village’ and sample the fayre from one of the many bars or restaurants.

The list below shows what’s available (up to Roundwood Lane but excludes Southdown)


Art Galleries x 1

Art/Picture Frame workshop x 2

Babies and young children shops x 1

Baker and Cake shops x 2

Banks x 4

Beauty Salon/Spa/Nails x 5

Beauty/Cosmetics x 4

Betting shop x 1

Book shop x 1

Butcher x 1

Building Societies x 4

Cards, Books, Stationary, Papers and Magazines x 1

Carpet and flooring  x 2

Charity shops x 9

Chemists x 4

Coffee Bars/Tea shops x 9

Delicatessen x 2

DIY and Paint x 1

Dry Cleaners x 2

Empty Shops x 7

Estate Agents & Letting Agents x 11

Fast Food x 6

Financial Advice x 2

Fitness Centre/Gym/Pilates x 3

Florist x 2

Frozen Foods x 1

Furniture and fabric shops x 1

Convenience stores x 2

Gift & Card shops x 4

Health shops x 1

Jewellers x 3

Kitchen/Bathroom shops x 3

Ladies Hairdressers x 10

Ladies wear x 7

Men’s hairdressers x 5

Men’s wear x 1

Newsagents x 2

Opticians x 4

Phone shop x 2

Pet shop x 1

Post Office x 1

Restaurants x 15

Sandwich shop x 2

Sweet shops x 1

Shoe shops x 1

Shoe repairs x 1

Sporting goods x 1

Supermarkets x 4

Travel agents x 1

Vape products x 1

Wine shops x 2


Local shop owners face many problems.

Rising rent and rates...declining disposable consumer incomes...pressure by the supermarkets to take market share from the independents...increasing popularity of shopping centres and internet shopping.


So go out and support your local shops.


The Harpenden Estate is the

block of ground shops and

second floor offices and flats

running from Space NK to Papa

John’s, then round

to the side facing Waitrose.


Pears Property has bought an unbroken

block of shops in Harpenden as it

seeks to deploy capital into the real

estate sector. The firm has bought

the 1.1-acre Harpenden Estate from

Columbia Threadneedle for

around £15m – a circa 8% yield.


The freehold, mixed-use island site on Harpenden High Street comprises 29 shops let to tenants including Waterstones, Space NK and JoJo Maman Bebe, four residential blocks and some office space.

The site had been under offer to St Albans District Council for more than £18.7m early in 2020, but the deal came under fire from councillors and was put on hold following the outbreak of the coronavirus.


The deal ultimately fell through and Pears, as an all-cash buyer, was able to swoop in to buy the asset in around a week.

Pears has bought more than £50m of property from Columbia Threadneedle so far this year as the fund seeks to raise funds to service redemptions. Earlier this year, Pears spent £35m buying the Hornet Portfolio, a collection of seven industrial assets in Dorset, Sunderland and Newcastle, from Threadneedle.


Pears was unable to comment on the deal, but sources said the group had been attracted to the Harpenden Estate due to the affluence of the local area and strength of community retail. It is also understood to be keen to deploy more funds into the sector and is targeting opportunistic acquisitions, particularly in the industrial sector.


Harpendia will be speaking to the shop owners this week for their reactions AND also to Pears Property for their thoughts on future development of the the block.

Ron Taylor, Editor.

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