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Residential Development for sale

Upper Parts of 40 High Street, Hemel Hempstead, Hertfordshire

Removed £145,000

Property Description

Key features

  • For sale by auction
  • Investment

Full description

Tenure: Leasehold

Lot 132 - This lot is for sale by auction as lot 132 on 15th December 2016.

Leasehold Upper Parts

- Arranged to provide Five Office Rooms
- Extending to Approximately 82 sq m (879 sq ft) GIA
- Each Office Room subject to a Lease
- Pre-application submitted for Conversion of Existing to form a Self-Contained Two Bedroom Flat
- Total Current Rent Reserved

£9,663 per annum

Leasehold. The property is to be held on a new lease for a term of 125 years from the date of completion at a ground rent of £250 per annum.

The Hertfordshire town of Hemel Hempstead is undergoing a £30m regeneration programme. The property is located in the historic 'Old Town' of Hemel Hempstead, where work has recently been completed to deliver a more pleasant and accessible environment. The parade is situated directly to the south of the Old Town Hall. A range of shops and restaurants is available along the High Street among an attractive mix of Georgian and Tudor buildings. Transport links are good, with the A41, M1 and M25 motorways all being within easy reach. Hemel Hempstead Rail Station is approximately 2.5 miles to the south, providing services to London Euston with an average journey time of approximately 30 minutes.

The property comprises upper parts situated within a mid terrace building arranged over ground and first floors. The upper parts are internally arranged to provide five office rooms.

A schedule of Tenancies is set out below. Please note The landlord may terminate this lease following the grant of planning permission by serving a Break Notice on the tenant, giving them six months' notice of the termination of this lease. GIA approximately 82 sq m (879 sq ft).

Local Planning Authority Dacorum Borough Council.Tel 01422 228000.A formal pre-application request was submitted to Dacorum Borough Council in October 2016. On 2nd November 2016, the Council's Conservation and Design Officer carried out a site inspection. Officers at the Council have provided initial comments supporting the principle of a change of use application. Formal written advice confirming this position is due to be received from the Council imminently.A copy of the planning note is available from the auctioneers upon request (Ref JP).A link to the Planning Advice Note can be found below.

To View
The property will be open for viewing on Friday 9th December between 3.00-3.00 p.m. This is an open block viewing and therefore no need to register.

Seller's Solicitor
Messrs Philip Ross (Ref AW).Tel 0207 636 6969.Email

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at Please check regularly for updates. Lots may be sold or withdrawn prior to auction.


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Disclaimer - Property reference 970000192. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Allsop , Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.

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