181-183 Marlowes, Hemel Hempstead, Hertfordshire, HP1 1BB

For sale by Online Auction - 4th of November 2026 .

A substantial 4,732 sq ft town-centre commercial opportunity, occupying a prominent position fronting Marlowes in the heart of Hemel Hempstead. Offered with vacant possession and a new 999-year lease on completion, the property provides an excellent opportunity for investors and owner-occupiers alike.

The lot comprises: ground floor Units 1a and 1b, Store 1 and Stair 2, together with the first floor area, as edged red on lease plans PP01 and PP02.
Note: Store 2 at the rear is excluded from the sale. The freeholder is retaining it for the sprinkler water tank, with the necessary rights reserved.

This substantial open-plan commercial unit, currently presented in shell condition and providing a flexible blank canvas for an incoming purchaser, with store to the rear and WC, space on the first floor for a staff kitchen and WC, to be fitted by the purchaser. The unit benefits from Class E use, providing flexibility for a wide variety of uses including retail, office, medical/clinic, gym, caf/restaurant and showroom, subject to any necessary consents.

The property benefits from a prominent frontage onto Marlowes, together with rear servicing from King Harry Street, a commercial lift, power and water points and an EPC rating of C. The remaining fit-out can therefore be undertaken by the purchaser to suit their intended use.

Marlowes forms the principal pedestrianised shopping and commercial area within Hemel Hempstead town centre, providing an established and busy trading location. Tesco Express is immediately adjacent, with other national occupiers nearby including Costa Coffee, Boots, Superdrug, Holland & Barrett and Poundland. The town centre also benefits from substantial public parking provision, while Hemel Hempstead railway station and convenient access to the M1 and M25 provide wider transport connections.

For investment purposes, the property has an estimated rental value of approximately £85,000 per annum, equating to a potential 10% gross yield based on the £850,000 guide price, before VAT and purchaser's costs and assuming letting at the estimated rental value.

A new 999-year lease will be granted on completion with a ground rent of £100 per annum. Full details regarding the service charge, permitted use and provisions for assignment and subletting will be contained within the legal pack.

The property is elected for VAT, and VAT will therefore be applicable to the purchase price. A buyer's premium will also be payable by the successful purchaser, with purchasers advised to refer to the legal pack and auction terms for full details.

A 42-day completion period will be available, providing additional flexibility for purchasers intending to utilise commercial finance.

An excellent opportunity to acquire a substantial vacant Class E commercial asset with significant occupational and investment potential in a prominent Hemel Hempstead town-centre position.

Guide Price: £850,000 Plus VAT
Tenure: Leasehold New 999-Year Lease
Ground Rent: £100 Per Annum
EPC: C
Estimated Rental Value: £85,000 PA
Potential Gross Yield at Guide: 10%
Completion: 42 Days
Auction: Online Auction 4th November 2026

Tenure
Leasehold - Long Lease 999 yrs on completion

Terms

Legal Pack

To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

UNCONDITIONAL LOT Exchange and administration fee information: (plus fees)
Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1500 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.


Registration Process
To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.