The subject property is located in the centre of Tring, an affluent Hertfordshire market town, nestled in the heart of the Chilterns, a well known ‘Area of Outstanding Natural Beauty’ approximately 48.7km (30 miles) north-west of central London.
The property is well provided for in terms of local amenity. The town has a vibrant high street with a broad selection of independent cafes, restaurants, bars & shops; in addition to national retailers such as M&S Simply Food, Tesco Superstore and Co-op. Tring also has it’s own Natural History Museum.
Transport communications are excellent. Tring Rail Station is 2.76km (1.7 miles) to the east, where there are frequent direct rail services to London Euston Station, with a journey time of circa 37 minutes.
The property is well served for road communications lying approximately 0.6km (0.4 miles) to the north of the A41 and approximately 18.2km (11 miles) north-west of Junction 20 of the M25 motorway.
Gross internal area 390.66 sq.m. /4205 sq.ft.
The property comprises a, Grade II listed, former bank building and substantial rear garden.
The building is arranged over basement, ground and first floors. The ground floor and basement is to be sold with vacant possession. The first floor, which has been converted into 3 flats has been sold off on a long lease. The property also includes 2 car parking spaces to the rear.
The ground floor space is currently configured to provide an open banking hall, separate office, WCs, kitchen and rear store / strongroom. The basement is arranged as a number of barrel roofed storage/vault rooms.
As the building falls within Use Class E it has potential to be used for a variety of purposes including, retail, office, restaurant, medical consulting rooms and children's day nursery under permitted development. Clearly any physical change to the building is likely to require both planning and Listed Building consents and we recommend buyers commission planning advice in respect of their proposed uses.
Planning permission (REF:21/02161/LBC) has been granted for 'Change of use from A2 (Banking and Finance) to C3 (Residential) and B1 (Office). Refurbishment of vacant premises to 3no two bed flats. Demolition of disused strongroom structure.' A copy of the various planning documents and associated plans are available to download.
There may be further development potential for an additional 3 bedroom mews house within the rear garden, subject to obtaining the necessary planning consents.
Freehold For Sale with vacant possession of the ground floor and basement. The upper parts has been sold off on a 125 year long lease dated 29 July 2015 and producing a ground rent of £250 pa. A copy of the lease is available to download.
By prior appointment with Gilmartin Ley, telephone 020 8882 0111.
Local authority: Dacorum Borough Council
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