Retail Investment

21-30 The Square, Marlowes, Hemel Hempstead, HP1 1ER

£1,100,000 for the Freehold | 3,528 Sq Ft

Property details

This is a prominent unbroken parade of ground floor retail units with no upper floors.

The site is currently producing £90,598 pax rising to £101,183.92.

The retail units are currently let to predominantly food and takeaway uses with the following retailers, Mani's Italian Kitchen, Romino's Pizza, Farmhouse Pizza and Tripled Afro Caribbean Cuisine.

Asset management and development potential subject to obtaining the usual permissions.

Subject to Contract - June 2024

Location

The property is located in the centre of Hemel Hempstead fronting the Square. The property is in a strategic location between town's main Shopping Centre and Civic Centre next to Hemel Hempstead Bus Terminal.

Hemel Hempstead benefits from good transport links via both road and rail. Hemel train station served by London Northwestern Railway providing services to Milton Keyes and London Euston (33 mins). Hemel Hempstead is also well located via road with both the M1 (Junction 8) and M25 (Junction 21) via A41 in close proximity.

Accommodation

10 Retail units (3 sold on longlease)

Each retail unit is approximately 504 sqft. Please note we have been provided this information and not measured.

EPC

EPC's available on request and range from D to E.

Legal Costs

Each party to bear their own professional costs.

Terms

Offers in excess of £1.1m for the freehold interest.

Chris Mockett

Chris Mockett

Residential Property Management. Property Manager.

cm@jaggardmacland.co.uk

07557 338774

Steven Macdermott

Steven Macdermott

Head of Commercial Property. Partner.

srm@jaggardmacland.co.uk

07764 476931

Key features

  • Offers in excess of £1.1m

  • VAT not applicable

  • Asset Management Opportunity

  • Development Potential subject to usual consents

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