Greggs, 150 Marlowes Hemel Hempstead Hertfordshire HP1 1BA

Greggs, 150 Marlowes
Hemel Hempstead
Hertfordshire
HP1 1BA

Virtual Freehold Retail Investment

Prominent Lock Up Retail Unit
Let to Greggs plc
Tenant in Occupation since at least 1996
VAT Free Investment
Correspondence received from Greggs exploring lease renewal
Situated on the main retail thoroughfare within the town centre
Nearby occupiers include Boots, Iceland, Asda, JD Weatherspoons, KFC, Creams Cafe and a range of local restaurants

Lot
3
Auction
27th March 2025
Rent
£22,500 per Annum Exclusive
Status
Available
Guide*
£225,000 - £250,000
Auction Venue
Live Streamed Auction
Octopus Bridging Loan for Buyers
Not available

Interested?

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Virtual Freehold Retail Investment

Prominent Lock Up Retail Unit
Let to Greggs plc
Tenant in Occupation since at least 1996
VAT Free Investment
Correspondence received from Greggs exploring lease renewal
Situated on the main retail thoroughfare within the town centre
Nearby occupiers include Boots, Iceland, Asda, JD Weatherspoons, KFC, Creams Cafe and a range of local restaurants

Lot 3
Auction 27th March 2025
Rent £22,500 per Annum Exclusive
Status Available
Guide* £225,000 - £250,000
Sector
Retail, High Street Retail
Auction Venue
Live Streamed Auction

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 (Junction 20)
Rail: Hemel Hempstead Railway Station (26 minutes direct to London Euston)
Air: Heathrow Airport, Luton Airport

Situation

The property is prominently situated in the Marlowes, the town's principal retailing location. The property benefits from being in close proximity to the Marlowes Shopping Centre, which houses retailers including Halifax, Holland & Barrett, B&M, JD Sports, Marks & Spencer, Vision Express and New Look. Other neighbouring occupiers include Boots, Iceland, Asda, JD Weatherspoons, KFC, Creams Cafe and a range of local restaurants.

Tenure

Virtual Freehold. Held for a term of 999 years from 1st January 1993 at a fixed peppercorn rent.

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 (Junction 20)
Rail: Hemel Hempstead Railway Station (26 minutes direct to London Euston)
Air: Heathrow Airport, Luton Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from 1st January 1993 at a fixed peppercorn rent.

Description

The property comprises a prominent lock up retail unit benefitting from a substantial return frontage and situated within a larger residential block.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

See Legal Pack

Description

The property comprises a prominent lock up retail unit benefitting from a substantial return frontage and situated within a larger residential block.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

See Legal Pack

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground	Retail	76.62 (1)	825 (1)	GREGGS PLC (CRN: 502851) (2)	5 years from 29/09/2020. Correspondence received from the Greggs exploring a renewal of the lease. See Legal Pack.	£22,500	28/09/2025.

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/105458017)
(2) The Tenant has been in Occupation since at least 1996. For the year ending 30th December 2023 Greggs plc reported Revenue of £1,809,600 000, Pre-Tax profits of £167,700,000 and Net Assets of £530,900,000 (Source: Greggs plc Annual Report and Accounts 2023 as published at Companies House on 20th February 2025).

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.