Freehold Retail and Residential Development Opportunity (See Planning)
Prominent position on prime pedestrianised retailing thoroughfare
Approximately 7,665 sq ft
Diagonally opposite The Marlowes Shopping Centre
Nearby Occupiers include B&M Bargains, Superdrug, Lloyds Bank and WH Smith
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 76
Auction 13th October 2016
Vacant Possession
Status Sold
Price £800,000
Sector Development
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
7 miles west of St Albans, 16 miles north-west of High Wycombe, 23 miles north of Central London
Roads
A41, M1 (Junction 8), M25
Rail
Hemel Hempstead Rail (26 mins to London Euston)
Air
Heathrow Airport, Luton Airport
Situation
The property is situated on the western side of the pedestrianised Marlowes, one of the town’s prime retailing thoroughfares. The property is situated diagonally opposite The Marlowes Shopping
Centre which houses retailers such as New Look, River Island, Holland & Barrett and Card Factory. Other nearby occupiers include B&M Bargains, Superdrug, Lloyds Bank and WH Smith.
Tenure
Freehold.
Location
Miles
7 miles west of St Albans, 16 miles north-west of High Wycombe, 23 miles north of Central London
Roads
A41, M1 (Junction 8), M25
Rail
Hemel Hempstead Rail (26 mins to London Euston)
Air
Heathrow Airport, Luton Airport
Situation
The property is situated on the western side of the pedestrianised Marlowes, one of the town’s prime retailing thoroughfares. The property is situated diagonally opposite The Marlowes Shopping
Centre which houses retailers such as New Look, River Island, Holland & Barrett and Card Factory. Other nearby occupiers include B&M Bargains, Superdrug, Lloyds Bank and WH Smith.
Tenure
Freehold.
Description
The property comprises a large ground and first floor retail unit with ancillary accommodation on the second floor.
VAT
VAT is applicable to this lot.
Planning
Full planning permission was granted on 30/10/2015 for part conversion of first floor and conversion of second floor to provide 3x one bedroom flats and 3 x two bedroom flats together with external alterations including the creation of a self-contained residential entrance. For further details please refer to Dacorum Borough Council Planning (www.dacorum.gov.uk Ref: 4/03556/15/FUL).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large ground and first floor retail unit with ancillary accommodation on the second floor.
VAT
VAT is applicable to this lot.
Planning
Full planning permission was granted on 30/10/2015 for part conversion of first floor and conversion of second floor to provide 3x one bedroom flats and 3 x two bedroom flats together with external alterations including the creation of a self-contained residential entrance. For further details please refer to Dacorum Borough Council Planning (www.dacorum.gov.uk Ref: 4/03556/15/FUL).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Possession
Ground First Second
Retail Retail Ancillary
342.80 sq m 301.40 sq m 67.80 sq m
(3,690 sq ft) (3,245 sq ft) (730 sq ft)
VACANT POSSESSION
Total
712.00 sq m
(7,665 sq ft)
(1) The current tenant is in occupation. Luxido Limited t/a Utopia, is due to vacate by 29/09/2016.
Contacts
Seller's Solicitors
Hamlins LLP Roxburghe House273-287 Regents Street London W1B 2AD
