The premises are situated in the busy Apsley area on the southern side of Hemel Hempstead, close to the junction with the A41 and on the busy route to Sainsbury's and the retail warehouse parks nearby, which include Halfords, Currys and Homebase. There is street parking in front as well as the large retail park with Dunelm 100 yards away Description The property comprises a two storey shop currently divided in to 2 on the ground floor with a small kitchenette at the rear and WC. There is a large aluminium glazed shop front. Heating is from electric heaters. On the first floor are 2 rooms usable as storage.
The demise available is a ground floor only unit. The ground floor was previously occupied by customer facing bank branch. A strong room is located on the ground floor to the rear of the site. The unit can only be used for bank branch operation, due to a restrictive lease clause. Tenure The property is held on an existing FRI lease due to expire June 2065 at a passing rent of £7,300 per annum exclusive with no rent reviews contracted before the end of the lease. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment from bank operators only. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £30,750.00 and the rates payable are £14,760.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
The property is believed to date from the early 19th century although the shop front appears to have been modified significantly in the early 20th century according to the Listed Building entry. The property being sold comprises part of the ground floor and the basement of this Grade II listed building.
The premises comprise a self contained ground floor shop, which provides an open plan sales area to the front with a WC and kitchen to the rear. The shop is attractively fitted out with timber laminate flooring and plaster ceiling with inset spot lighting.
A three-storey brick built building, equipped for the sale of newspapers, magazines, cigarettes, cards, sandwiches and convenience store items such as food and alcohol. There is ample customer footfall and a good visual presence on the high street.
Comprises a rare opportunity to purchase a self contained retail unit on ground and basement floors within this prime retail pitch. The property is currently fitted out as a hairdressers with high quality finishes and decoration. The ground floor is predominantly open plan with a rear kitchen and store room and the ground floor is fitted out as treatment rooms together with a WC. There is metered car parking to Watling Street and a car park within walking distance.
Rickmansworth is an attractive and affluent commuter town in Hertfordshire
• Arguably the best trading location in Rickmansworth
• Well secured to WHSmith Retail Holdings Limited
• Future residential redevelopment potential
• Offers in excess of £900,000
• Net initial yield of approximately 6% assuming normal purchasers costs
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