11A & 7A Hempstead Road Kings Langley Hertfordshire WD4 8BJ

11A & 7A Hempstead Road
Kings Langley
Hertfordshire
WD4 8BJ

Freehold Retail and Residential Investment

  • Retail let to Ladbrokes Betting & Gaming Limited until 2026 (subject to option)
  • Valuable reversion of 2 bed residential flat with 68 years unexpired
  • Affluent London commuter location
  • Nearby occupiers include Boots Pharmacy and Post Office
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    1
  • Auction
    8th December 2016
  • Rent
    £12,530 per Annum Exclusive
  • Status
    Sold
  • Price
    £206,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Retail let to Ladbrokes Betting & Gaming Limited until 2026 (subject to option)
  • Valuable reversion of 2 bed residential flat with 68 years unexpired
  • Affluent London commuter location
  • Nearby occupiers include Boots Pharmacy and Post Office
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 1
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £206,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
3 miles south of Hemel Hempstead, 18 miles south-west of St Albans, 26 miles north-west of Central London
Roads
M1, M25, A41
Rail
Kings Langley Railway Station (27 Mins to London Euston)
Air
London Heathrow Airport, London Luton Airport
Situation

Kings Langley is an affluent and historic London commuter village situated some 3 miles south of Hemel Hempstead. The property is situated on the west side of Hempstead Road close to Vicarage Lane, in the heart of Kings Langley. Nearby occupiers include Boots Pharmacy and Post Office.

Tenure

Freehold.

Location
Miles
3 miles south of Hemel Hempstead, 18 miles south-west of St Albans, 26 miles north-west of Central London
Roads
M1, M25, A41
Rail
Kings Langley Railway Station (27 Mins to London Euston)
Air
London Heathrow Airport, London Luton Airport
Situation

Kings Langley is an affluent and historic London commuter village situated some 3 miles south of Hemel Hempstead. The property is situated on the west side of Hempstead Road close to Vicarage Lane, in the heart of Kings Langley. Nearby occupiers include Boots Pharmacy and Post Office.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with a self-contained two bedroom residential flat on the first floor accessed to the rear of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with a self-contained two bedroom residential flat on the first floor accessed to the rear of the property.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Ground Retail
81.50 sq m
(877 sq ft)
LADBROKES
BETTING & GAMING
LIMITED (1)
15 years from 24/06/2011
on a full repairing and
insuring lease (2)
£12,500 (3) 24/06/2021
(23/06/2026)
First Residential
2 bed flat
  99 years from
04/01/1985
£30 (03/01/2084)
Total Commercial Area
81.50 sq m
(877 sq ft)
    £12,530  

(1) For the year ending 31st December 2014, Ladbrokes Betting & Gaming Limited reported a turnover of £824,322,000, pre-tax profits of £57,141,000 and a total net worth of £1,096,567,000. (Source: www.riskdisk.com 17/10/2016).
(2) The lease provides for a tenant option to determine the lease on 23/06/2021.
(3) The tenant is currently paying the rent monthly.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    47 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Giffen Couch & Archer Bridge House, Bridge Street
Leighton Buzzard
Bedfordshire
LU7 1EB
Anthony Taylor 01525 372 681amt@gca-law.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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