184 -186 The Marlowes Hemel Hempstead Hertfordshire HP1 1BH

184 -186 The Marlowes
Hemel Hempstead
Hertfordshire
HP1 1BH

Freehold Retail Investment

Entirely let to Superdrug Stores plc until 2020
Prominent position on prime pedestrianised retailing thoroughfare
Diagonally opposite The Marlowes Shopping Centre
Nearby occupiers include WH Smith,Tesco Express, Lloyds TSB, Boots the Chemist and Dorothy Perkins
Six Week Completion

Lot
9
Auction
11th July 2013
Rent
£110,000 per Annum Exclusive
Status
Sold
Price
£1,115,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the instructions of Joint Administrators at BDO LLP

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Freehold Retail Investment

Entirely let to Superdrug Stores plc until 2020
Prominent position on prime pedestrianised retailing thoroughfare
Diagonally opposite The Marlowes Shopping Centre
Nearby occupiers include WH Smith,Tesco Express, Lloyds TSB, Boots the Chemist and Dorothy Perkins
Six Week Completion

Lot 9
Auction 11th July 2013
Rent £110,000 per Annum Exclusive
Status Sold
Price £1,115,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the instructions of Joint Administrators at BDO LLP

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
Rail: Hemel Hempstead Rail (26 mins to London Euston)
Air: Heathrow Airport, Luton Airport

Situation

The property is situated on the western side of the pedestrianised Marlowes, one of the town’s prime retailing thoroughfares. The property is situated diagonally opposite The Marlowes Shopping Centre which houses retailers such as Marks & Spencer, New Look, River Island, Topshop and Carphone Warehouse. Other nearby occupiers include WH Smith, Tesco Express, Lloyds TSB, Boots the Chemist and Dorothy Perkins.

Tenure

Freehold.

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
Rail: Hemel Hempstead Rail (26 mins to London Euston)
Air: Heathrow Airport, Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with storage and ancillary accommodation on the first floor.

Note:
This property is being marketed for sale on behalf of Shay Bannon and Sarah Megan Rayment of BDO LLP, the Joint Administrators of Catermatter Limited (in administration) and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Administrator are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Review
Ground First	Retail Storage/Ancillary	300.07 sq m 330.08 sq m	(3,230 sq ft) (3,553 sq ft)	SUPERDRUG STORES PLC (1)	10 years from 24/06/2010 until 23/06/2020	£110,000	24/06/2015
Totals		630.15 sq m	(6,783 sq ft)			£110,000

(1) For the year ending 31st December 2011, Superdrug Stores plc reported a turnover of £1,049,128,000, pre-tax profits of £5,517,000 and a total net worth of £124,652,000. (Source: www.riskdisk.com 10/06/2013)