Vantage Point 23 Mark Road Hemel Hempstead Hertfordshire HP2 7DN

Vantage Point
23 Mark Road
Hemel Hempstead
Hertfordshire
HP2 7DN

Freehold Office Investment

Attractive Flexible Office Building close to M1 and M25
Tenants include Netronix Integration Limited and Trinity Property Group Limited
Approximately 1,649.18 sqm (17,747 sq ft)
1 Mile from Junction 8 of M1
Approximate Site Area of 0.27 Hectares (0.67 acres) and a Site coverage of 51%
Situated in a Busy Business park
Car Parking for 72 Cars with a rate of 1:257
Nearby occupiers include Amazon, Royal Mail, Next Distribution , Robert Dyas, Halfords and Wolsley

Lot
14
Auction
16th February 2023
Rent
£202,940 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction
On behalf of a Major Fund

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Freehold Office Investment

Attractive Flexible Office Building close to M1 and M25
Tenants include Netronix Integration Limited and Trinity Property Group Limited
Approximately 1,649.18 sqm (17,747 sq ft)
1 Mile from Junction 8 of M1
Approximate Site Area of 0.27 Hectares (0.67 acres) and a Site coverage of 51%
Situated in a Busy Business park
Car Parking for 72 Cars with a rate of 1:257
Nearby occupiers include Amazon, Royal Mail, Next Distribution , Robert Dyas, Halfords and Wolsley

Lot 14
Auction 16th February 2023
Rent £202,940 per Annum Exclusive
Status Sold Prior
Price
Sector
Office
Auction Venue
Live Streamed Auction
On behalf of a Major Fund

Property Information

Location

Miles: 7 Miles North of Watford, 21 Miles North-West of Central London, 8 Miles South of Luton
Roads: M1, M25, A414
Rail: Hemel Hempstead Railway station
Air: London Luton Airport, London Heathrow Airport.

Situation

The Well established Maryland's Business Park is a very popular mixed use business estate situated approximately 1 mile east of Hemel Hempstead town centre and less than 1 mile West of junction 8 of the M1 with the M25 3 Miles to the South.

The property is situated on the west side of Mark road close to its junction with Cleveland road. Major occupiers at the Maryland Business Park include Amazon, Royal Mail, Next Distribution , Robert Dyas, Halfords and Wolsley

Tenure

Freehold.

Location

Miles: 7 Miles North of Watford, 21 Miles North-West of Central London, 8 Miles South of Luton
Roads: M1, M25, A414
Rail: Hemel Hempstead Railway station
Air: London Luton Airport, London Heathrow Airport.

Situation

Tenure

Freehold.

Description

The property comprises an attractive two storey office building with open plan office accommodation specified with suspended ceilings with inset lighting, raised floors, double glazing, central heating and comfort cooling. The property benefits from a site area of 0.27 Hectares (0.67 Acres) and providing a site coverage of 51% and also benefits from 72 car parking spaces some of which are undercrofts with a ratio of 1:257.

VAT

VAT is applicable to this lot.

EPC

Ground Floor (Front) - C Ground Floor (Rear) - C First Floor - D

Description

VAT

VAT is applicable to this lot.

EPC

Ground Floor (Front) - C Ground Floor (Rear) - C First Floor - D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversions
Ground (Front) and 8 Car Parking Spaces	Office	216.45	(2,329)	NETRONIX INTERGRATION LIMITED (CRN 09417809) (1)	5 Years from 30/07/2021 (3)	£33,683	29/07/2026
Ground (Rear) and 12 Car Parking Spaces	Office	325.53	(3,503)	TRINITY PROPERTY GROUP LIMITED (CRN 05312168) (2)	10 Years from 03/06/2015	£38,544	02/06/2025
First and 50 Car Parking Spaces	Office	1,107.20	(11,915)	TRINITY PROPERTY GROUP LIMITED (CRN 05312168)	From and including 31/10/2018 to and including 02/06/2025	£130,713	02/06/2025
Total Approximate Floor Area		1,649.18	(17,747) (5)			£202,940

(1) Netronix Integration Limited (CRN 09417809) were incorporated in 2015 and for the Year ending 31/12/2021 Netronix Integration Limited reported Net assets of £3,435,473. (Unaudited Fianancial Statement as published at Companies House)
(2) For the year ending 31/07/2021, Trinity Property Group Limited (CRN 05312168) reported a turnover of £16,029,451, a pre-tax profit of £3,106,219 and Net worth of £1,648,169. (Source: NorthRow Company Report 31/07/2021.
(3) As to the Ground floor (front) offices, the lease provides a tenant option to determine the lease on 30/07/2024 subject to no less than 6 months notice.
(4) As to the First floor offices, the lease provides a tenant option to determine the lease on 31/10/2023 subject to no less than 6 months notice.
(5) The floor areas stated above are those published by the Valuation Office Agency (www.Tax.service.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.