Entirely let to Santander UK Plc by way of a lease renewal
Busy town centre location
Close to the Marlowes Shopping Centre
Nearby occupiers include Boots, Poundland, Superdrug, WH Smith and a number of independent retailers
Future residential redevelopment potential of upper parts (subject to consents)
Lot 17
Auction 5th December 2018
Rent £52,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles west of St Albans, 16 miles north-west of High Wycombe, 23 miles north of Central London
Roads
A41, M1 (Junction 8), M25 (Junction 20)
Rail
Hemel Hempstead Railway Station (26 minutes direct to London Euston)
Air
Heathrow Airport, Luton Airport
Situation
The property is prominently situated in the heart of the town centre on the west side of Marlowes, the town’s principal retailing thoroughfare. The property benefits from being in close proximity to the Marlowes Shopping Centre, which houses retailers including Marks & Spencer, River Island, Holland & Barrett, JD Sports and Caffè Nero. Other nearby occupiers include Boots, Poundland, Superdrug, WH Smith and a number of independent retailers.
Tenure
Freehold. The car parking spaces to the rear are to be held Virtual Freehold on a 999 year lease from completion of the sale.
Tenancy
Available from the legal pack at acuitus.co.uk.
Location
Miles
7 miles west of St Albans, 16 miles north-west of High Wycombe, 23 miles north of Central London
Roads
A41, M1 (Junction 8), M25 (Junction 20)
Rail
Hemel Hempstead Railway Station (26 minutes direct to London Euston)
Air
Heathrow Airport, Luton Airport
Situation
The property is prominently situated in the heart of the town centre on the west side of Marlowes, the town’s principal retailing thoroughfare. The property benefits from being in close proximity to the Marlowes Shopping Centre, which houses retailers including Marks & Spencer, River Island, Holland & Barrett, JD Sports and Caffè Nero. Other nearby occupiers include Boots, Poundland, Superdrug, WH Smith and a number of independent retailers.
Tenure
Freehold. The car parking spaces to the rear are to be held Virtual Freehold on a 999 year lease from completion of the sale.
Tenancy
Available from the legal pack at acuitus.co.uk.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first floor. The property benefits from a prominent frontage to Marlowes and three car parking spaces to the rear accessed from Waterhouse Street.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor banking hall with ancillary accommodation on the first floor. The property benefits from a prominent frontage to Marlowes and three car parking spaces to the rear accessed from Waterhouse Street.
VAT
VAT is applicable to this lot.
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
Reversion
Ground First
Banking Hall Ancillary
239.10 sq m 149.50 sq m
(2,574 sq ft) (1,609 sq ft)
SANTANDER UK PLC (1)
3 years from 25/12/2017 on a full repairing and insuring lease (2)
£52,500
24/12/2020
Total
388.60 sq m
(4,183 sq ft)
£52,500
(1) For the year ending 31st December 2017, Santander UK Plc reported a turnover of £1,222,000,000, pre-tax profits of £1,817,000,000 and a total net worth of £14,311,000,000 (Source: Experian Group 08/11/2018). (2) The property was previously let to Santander UK Plc on a 3 year lease from 25/12/2014 at a rent of £52,500 p.a.x.
