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Fletcher Way, Hemel Hempstead, Hertfordshire, HP2

Offers in Excess of
£1,500,000

£750.00 per sq. ft.

Business rates & charges may apply

Prideview Group, Middlesex
SIZE AVAILABLE
2,000-2,500 sq. ft.
(186-232 sq. m.)
SECTOR
Convenience store for sale
USE CLASS
Use class orders: A1 Shops
A1

Key features

  • Freehold Blue-Chip Supermarket Investment
  • The whole building is let to Tesco Stores Ltd from 5 November 2014 on a new full repairing and insuring 15 year lease
  • Tenant break at year 10 (November 2024), at a commencing rent of £65,000 per annum
  • The lease is subject to 5 yearly rent reviews in line with RPI with a collar of 1% and cap of 4%.

Property description

Tenure: Freehold

Property Description
Freehold Blue-Chip Supermarket Investment.
The property comprises a former public house, which was built in the early 1960's, which was recently in early 2017 refurbishment and fitting-out to complete the opening of the Tesco Express store.
The unit measures approximately 3,750 sq ft (G.I.A), with associated vehicle, cycle parking, access, delivery, bin storage and landscaping.
The car park has been landscaped to provide approximately 26 designated parking spaces for the convenience store.
Location Description
Located in a prominent position in the suburb of Highfield in Hemel Hempstead.
The Tesco Express is situated in a prominent position on the junction of Fletcher Way and Cattsdell.
The area is mixed with residential housing and large apartment blocks surrounding the property. There is also small retail parade adjacent with a number of A1 and A5 operators occupying the ground floor and residential flats above. A bathroom retail showroom with cafe is located to the east of the site.
Whilst the property is situated in a densely populated residential suburb, access to the area is very good with links to the M1 motorway network within 2km (1.25m) from the subject property.
Additional Notes
The whole building is let to Tesco Stores Ltd from 5 November 2014 on a new full repairing and insuring 15 year lease.
Tenant break at year 10 (November 2024), at a commencing rent of £65,000 per annum.
The lease is subject to 5 yearly rent reviews in line with RPI with a collar of 1% and cap of 4%.

Fletcher Way, Hemel Hempstead, Hertfordshire, HP2

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hemel Hempstead Station2.0 miles
  • Apsley Station2.2 miles
  • Kings Langley Station4.2 miles

About Prideview Group, Middlesex

Suite 4, Fountain House Church Road, Stanmore, HA7 4AL

The Prideview Group is one of the leading consultancies in the UK commercial property investment market, having been established in 1985.

We act for private investors from all walks of life and all over the globe, offering a seamless, in-house acquisition, disposal, advisory and management service. We host regular investment seminars for private buyers and are widely known as the Home of the Blue-Chip Investor.

We work closely with numerous propcos, traders, agents and vendors bot

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Notes

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Disclaimer - Property reference 4674. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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 Prideview Group, Middlesex. 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.

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