182 The Marlowes Hemel Hempstead Hertfordshire HP1 1BH

182 The Marlowes
Hemel Hempstead
Hertfordshire
HP1 1BH

Freehold Retail Investment

Entirely let to C.E.X. Limited until 2020 (subject to option)
Prominent position on prime pedestrianised retailing thoroughfare. Diagonally opposite The Marlowes Shopping Centre
Nearby occupiers include WH Smith, Boots the Chemist and Dorothy Perkins
Six Week Completion

Lot
48
Auction
11th July 2013
Rent
£52,500 per Annum Exclusive
Status
Sold Post
Price
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 C.E.X. Limited until 2020 (subject to option)
Prominent position on prime pedestrianised retailing thoroughfare. Diagonally opposite The Marlowes Shopping Centre
Nearby occupiers include WH Smith, Boots the Chemist and Dorothy Perkins
Six Week Completion

Lot 48
Auction 11th July 2013
Rent £52,500 per Annum Exclusive
Status Sold Post
Price
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/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 Administrators 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 Storage/Ancillary	148.92 sq m 70.88 sq m	(1,603 sq ft) (763 sq ft)	C.E.X LIMITED (1)	10 years from 24/06/2010 until 23/06/2020 (2)	£52,500	24/06/2015
Totals		219.80 sq m	(2,366 sq ft)			£52,500

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 Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
(1) For the year ending 30th June 2012, C.E.X. Limited reported a turnover of £77,543,142, pre-tax profits of £98,569 and a total net worth of £544,845. (Source: www.riskdisk.com 10/06/2013)
(2) The lease provides a landlord only option to determine on the fifth anniversary of the term