Under offerOffice with Development Potential STPP For Sale / To Let - Hemel Hempstead

From 350.71 sq.m (3,775 sq.ft) to 703 sq.m (7,567 sq.ft)

Masterson House,  30-31 Mark Road, HEMEL HEMPSTEAD HP2 7BW

Features

  • Freehold with vacant possession or new lease available
  • Site Area: 0.25 Acres
  • Self contained office with a Net Internal Area of 703 sq.m (7,567 sq.ft)
  • Suitable for a number of alternative uses eg. Residential, Medical Centre or comprehensive redevelopment STPP
  • Potential to split the building into two semi-detached offices of circa 350 sq.m (3,775 sq.ft) NIA
  • Private parking for circa 22 cars
  • Hemel Hempstead town centre approximately 2.78 kilometres (1.73 miles)
  • Excellent road and public transport communications
  • Junction 8 M1 Motorway 1.83 kilometres (1.14 miles)
  • Junction 21 M25 Motorway 6.38 kilometres (3.96 miles)
  • Hemel Hempstead Railway Station approximately 4.0 kilometres (2.5 miles)

Guide Price £1,500,000 subject to contract

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Location

30-31 Mark Road occupies a site at the southern end of Mark Road within the well-established Maylands Business Area of Hemel Hempstead. Mark Road is accessed via Wood Lane End off Maylands Avenue.

The property is within a short walking distance of retail amenities which are located at the crossroads of Wood Lane End and Maylands Avenue including Starbucks, Tesco Express and Greggs the bakers.

The property has excellent access to the motorway network with the M1 Motorway (Junction 8) approximately 1.83 kilometres (1.14 miles) to the south-east and the M25 (Junction 21) is approximately 6.38 kilometres (3.96 miles) to the south. The A41 lies approximately 2.5 miles from the property, immediately south-west of the town centre, providing an additional fast dual-carriageway link to the M25 at Junction 20 or north to Berkhamsted and Tring.

Accommodation

Ground Floor North Section92.25 sq.m. / 992 sq.ft.
First Floor North Section144.00 sq.m. / 1550 sq.ft.
Second Floor North Section114.46 sq.m. / 1232 sq.ft.
Ground Floor South Section91.51 sq.m. / 985 sq.ft.
First Floor South Section142.23 sq.m. / 1530 sq.ft.
Second Floor South Section118.45 sq.m. / 1274 sq.ft.
Net internal area350.71 sq. m. 3775 sq.ft. to  703.00 sq.m. /7567 sq.ft. 

The property comprises an attractive three storey self-contained office building, which was constructed in 1999/2000 to a good specification. The property has recently been redecorated and had new carpeting fitted throughout.

The building has been constructed to enable it to be occupied in two self contained sections split vertically north/south but it has been occupied historically by a single tenant, with the north and south sides of the building made to intercommunicate on the upper floor levels. There is forecourt parking and further parking to the rear by way of a tunnel access under the first floor accommodation.

The property may be suitable for a variety of alternative planning uses including residential, medical, education and others. There could also be scope for more comprehensive re-development of the site, subject to obtaining the necessary consents.

Terms

Freehold for sale with vacant possession or a new fully repairing and insuring lease is available on terms to be agreed. There is strong preference to transact on the whole but consideration may be given to proposals for sales/lettings of the north or the south wings of the building separately.

Viewings

By prior appointment with Joint Sole Agents: Brasier Freeth, telephone 01442 263 033 or Gilmartin Ley, telephone 020 8882 0111.

Rent: £115,000 per annum  (approx. £9,583 monthly)
£163.58 per sq.m. / £15.20 per sq.ft. 

Premium: N/A

Rateable Value: £77,500
Estimated Rates Payable: £38,207 per annum

Service charge: N/A

Local authority: Dacorum Borough Council

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Property reference: 25913 Updated: 01 Apr 2021