Home > Auctions > 17 & 18 June 2025 17 June 2025 - 9:00am > Lot 71

17 & 18 June 2025: Tuesday 17 June 2025 - 9:00am
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    Key features

    • To be offered on Tuesday 17 June
    • Of interest to investors and developers.
    • A freehold four storey detached building
    • Comprising 8 x 1 bedroom flats let on AST's
    • Planning permission granted for 4 x 1 bedroom flats
    • Outline planning applied for a further 8 flats (subject to requisite consents)
    • Headlease of 16 flats sold off on leases with various unexpired terms
    • Well located for the amenities of Hemel Hempstead
    • Six week completion
    • Investment let at £89,700 per annum

    Description

    A four storey detached building.

    Comprising 8 x 1 bedroom flats let on AST's, 16 sold off on leases with various unexpired terms, planning permission granted for 4x 1 bedroom flats and outline planning permission for a further 8 x 1 bedroom flats (subject to requisite consents).

    Investment let at £89,700 per annum.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note Savills have not internally inspected all the units. Prospective purchasers must make there own enquiries as to the correct accommodation.

    Tenancy

    18a The Square, 1 bed flat let on AST 12 months from 01.07.2024 at £925 PCM

    18b The Square, 1 bed flat let on AST 12 months from 01.07.2024 at £950 PCM

    18c The Square, 1 bed flat let on AST 12 months from 01.07.2024 at £950 PCM

    18d The Square, 1 bed flat let on AST 12 months from 01.07.2024 at £925 PCM

    18e The Square, 1 bed flat let on AST 12 months from 01.07.2024 at £950 PCM

    18f The Square, 1 bed flat let on AST 12 months from 01.07.2024 at £950 PCM

    18g The Square, 1 bed flat let on AST 12 months from 01.07.2024 at £975 PCM

    3 The Square, 1 bed flat let on AST 12 months from 08.07.2024 at £850 PCM  

    Planning

    Planning ( Ref : 22/00144/FUL) permission was granted by Dacorum Borough Council on 20th April 2023 for the construction of a three-storey side extension to create 3x1 bed flats.


    Planning (Ref : 23/01034/FUL) permission was granted by Dacorum Borough Council on 19th March 2024 for the construction of an extension and conversion of the external amenity area, with associated alterations to the building, to create a 1-bed flat.


    Proposed Planning (Ref : 25/01208/OUT) for the addition of a single storey to create 8 x 1 bed flats (appearance and landscaping reserved)

    Rent

    £89,700 per annum

    Notes

    Please note the relevant notices have been served under Section 5B of the Landlord & Tenant Act 1987. No responses have been received.

     

    Please note that the internal photos are of flats 18c and 18e.


    Please refer to the tenancy schedule to see the unexpired terms of the sold off headleases.

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        No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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        Accommodation / Tenancy Schedule

        Local information

        The property is located on Marlowes which can be accessed off Hillfield Road and Combe Street.

        A range of local amenities can be found on Marlowes, Wolsey Road and in the Marlowes Shopping Centre.

        Recreational amenities of Keens Field, Gadebridge Park and Spring Fields are all easily accessible.

        Transport

        Hemel Hempstead - National Rail

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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