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Commercial properties for sale in Brays Road, LU2

Create Alert 11 results Sorry, we currently do not have any listings for sale in 0 miles of Brays Road, LU2 - Please find below the nearest listings available.
For Sale£1,500,000.00
New
An established public house with trading accommodation on the ground floor and basement and the first floor providing private living accommodation. To the side is a development plot (see Planning)

The premises have a prominent position facing London Road one of the main arterial routes into St Albans from the M25. Immediately to the north is the popular Odyssey Cinema which produces considerable spin-off trade. Both the city centre and Thameslink Railway Station are within easy walking distance.
Great Northern Public House, 172 London Road, St Albans AL1 1PQ
Type: Leisure Property, Pubs/Bars/Clubs, Licensed & Leisure
Location: 172 London Road, AL1 1PQ
Size: 1625 Sq Ft
Images: 1
Brochures: 1
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For Sale£1,500,000.00
New
Comprises a three-storey mid terraced building arranged to the ground floor as a hairdressers, retail/café unit and rear office suite. The first floor is arranged as 2 two-bedroom flats to the front elevation (one sold off on a long lease) and a further two bedroom flat to the middle with a number of office rooms to the rear. The second floor is arranged as 2 one-bedroom flats to the front elevation (one sold off on a long lease) and a further two bedroom flat to the rear. The two flats sold off on long leases have their own front entrance and are above the left hand retail unit.

There is a rear yard accessed from Blandford Road providing parking and also access to the offices to the rear on ground and first floor levels.


117 Hatfield Road, St Albans AL1 4JS
Type: Mixed Use, Other Property Types & Opportunities
Location: 117 Hatfield Road, AL1 4JS
Images: 2
Brochures: 1
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For Sale£180,000.00
The property is believed to date from the early 19th century although the shop front appears to have been modified significantly in the early 20th century according to the Listed Building entry. The property being sold comprises part of the ground floor and the basement of this Grade II listed building.

Internally the main retail space is on the ground floor. There is also a rear staff area and steps in the middle of the shop leading down to a basement area.

Several shops have been let recently and we believe that the shop could be re-let fairly quickly if it were to become vacant at a similar rent.

Hemel Hempstead is a large town in Hertfordshire with a population of around 94,000 (2011 census). The town is strategically located at the junctions of the M25, M1 and A41, making it a very popular town for business and commuters. There is also a railway link to London (Euston) with a regular service of 4 trains an hour in a best time of 26 minutes.

The town has expanded considerably over the last 15 years, with the previous census population recording a 81,000 people. There are a large number of residential developments taking place in and around the town centre and the town is still expanding.

The property itself is situated in the Old Town High Street, an area with many historic buildings with considerable character. Properties in the Old Town are largely a mix of pubs, restaurants, cafes and some retail units and the Old Town has benefitted recently from improvements to the street scene, with a one way system being created which has helped to make more short term parking bays. There is also a long term car park close by.


27 High Street, Hemel Hempstead HP1 3AA
Type: Retail, Restaurants / Cafes
Location: 27 High Street, HP1 3AA
Size: 835 Sq Ft
Images: 1
Brochures: 1
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For Sale£175,000.00
The premises comprise a self contained ground floor shop, which provides an open plan sales area to the front with a WC and kitchen to the rear. The shop is attractively fitted out with timber laminate flooring and plaster ceiling with inset spot lighting.

The premises are situated in an prominent corner position fronting on to Catherine Street at its junction with Etna Road. The premises are just under 200 metres from the junction of Catherine Street and St Peters Street.
63 Catherine Street, St Albans, AL3 5BN
Type: General Retail, Retail
Location: 63 Catherine Street, AL3 5BN
Size: 228 Sq Ft
Images: 2
Brochures: 1
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Under OfferFor sale: £1,900,000.00
Industrial investment opportunity in Hemel Hempstead.
3 Maxted Road, Hemel Hempstead
Type: Industrial
Location: 3 Maxted Road, HP2 7DX
Size: 13109 Sq Ft
Images: 1
Brochures: 1
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For Sale£825,000.00
FOR SALE

FULLY LET

COMMERCIAL AND RESIDENTIAL
REVERSIONARY INVESTMENT OPPORTUNITY

• City Centre Location
• Commercial Unit and Residential Upper Parts
• Producing £43,640 per annum
• Guide price £825,000
(Commercial parts subject to VAT)

• ENQUIRIES AND VIEWINGS ARE STRICTLY THROUGH THE AGENTS

DESCRIPTION

The subject premises comprises 2 ground and lower ground commercial units together with 3 studio apartments above with separate access.

87 London Road

Café/Retail premises (A1 use) let by way of a lease. (Excluded from sections 24-28 of the Landlord and Tenant Act 1954) for an 8 year term commencing on 9th July 2014 subject to a tenant’s option to determine on 8th April 2016 and 8th April 2018 (on 6 month’s minimum notice).

The passing rent is £7,000 p.a. exc.

89 London Road

Hair salon (A1 use) let by way of a lease.
(Excluded from sections 24-28 of the Landlord and Tenant Act 1954) for a 10 year term commencing 18th May 2018 subject to a tenant’s option to determine on 17th May 2023 (on 6 months minimum notice).

The lease provides for a Landlord’s option to determine on 17th May 2025 (on 6 month’s minimum notice).

The passing rent is £13,000 p.a. exc. The lease is subject to a rent review at year 5.

89A/89B/89C London Road
The residential aspect comprises of three studios units let on assured shorthold tenancy agreements currently achieving:
89a - £650.00 p.c.m.
89b - £695.00 p.c.m
89c - £625.00 p.c.m.

VAT

The premises are registered for VAT and therefore VAT will apply.

LEGAL COSTS

Each party to be responsible for their own legal costs in connection with this matter.

BUSINESS RATES

According to the VOA website the rateable values stated are as below:

87 London Road:

Rateable Value £4,800

Rates Payable for 2018 - 2019 £2,295

89 London Road:

Rateable Value £8,200

Rates Payable for 2018 - 2019 £3,
PRIME COMMERCIAL / RESIDENTIAL INVESTMENT OPPORTUNITY FOR SALE
Type: Residential, Retail
Location: 87 - 89 London Road, St. Albans, AL1 1LN
Images: 1
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For Sale£500,000.00
An opportunity to purchase the freehold of this modern self contained office. The accommodation is set out at ground and first floor level within a two storey end-terraced office building.

Internally the offices are generally open plan, and benefit from:-

-Modern ground and first floor offices
-Situated in the heart of Maylands Business Centre, Hemel Hempstead
-Underfloor heating
-7 car parking spaces
-Perimeter trunking
-Suspended ceilings
-Category 2 Lighting
-WC on both floors

The unit is let to 4-Ways Heathcare Ltd, who are healthcare providers and also occupy the adjacent unit, number 6. The property is held by way of a 5 year term from 21st February 2018 expiring on 20th February 2022. The lease is external to the provisions of the 1954 Landlord and Tenant Act at the end of the term the present occupant is not automatically eligible for a new lease and the property could then be sold if required on a full vacant possession basis.

Marchmont Gate is a development of small office buildings ideally situated on a prominent corner site at the junction of Boundary Way and Maxted Road in the heart of Maylands Business Centre, Hemel Hempstead.

Hemel Hempstead itself lies approximately 25 miles north west of Central London, adjacent to Junction 8 of the M1 motorway and approximately 3 miles north of its junction with the M25 (Junction21).

In addition Hemel Hempstead benefits from its own mainline railway station, which offers a fast and efficient rail service to London Euston with a fastest journey time of approximately 30 minutes.
Investment Opportunity, Modern Self-Contained Offices, Hemel Hempstead
Type: Offices, Office, Healthcare, Other Property Types & Opportunities
Location: Unit 7, Marchmont Gate, Boundary Way, HP2 7BF
Size: 2213.5 Sq Ft
Images: 1
Brochures: 1
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For SalePOA
Freehold Commercial Investment For Sale

No VAT Payable with a return of 7%

Ground Floor Restaurant with 1st and 2nd Floor Offices Above

65 High Street, Hemel Hempstead, Hertfordshire HP1 3AF


Summary

Actual and Estimated Net Income - £38,750 per annum (1 office currently vacant)

Freehold Price - £525,000.

Yield when fully let 7% after allowing for normal purchasing costs.

Land Registry plan showing location and car park to the rear attached.

Location

The property is situated within the Old High Street of Hemel Hempstead which includes various retailers and services. In addition, there are numerous pubs and restaurants within walking distance. The area has recently undergone a number of improvements in keeping with its historic nature, high quality pavements, street lighting etc. with public parking to the front of the shops and in a large car park to the rear of the High Street. The A41 is just 2 miles away, which provides access to the M25. The Town Centre is a short walk and the Railway Station is within reasonable reach.
Further details overleaf.

ACCOMODATION

The property comprises Ground Floor restaurant, a separate basement restaurant and smoking area. Together with two floors above let as offices on short term inclusive licences, with kitchenette and WC facilities.

The vendor has a right of way over the driveway under 67 High Street who has land to the rear to park four cars. There are 8 car parking spaces reserved for 65 High Street which have been allocated to the tenants, further details of which are below.

The accommodation (approximate net internal areas), leases, licences as currently configured are set out below.

65 High Street

Restaurant fronting the High Street recently completed renovated and refitted and now trading as The Mediterranean Grill, comprising some 610 sq ft (56.7 sq m) of total space which includes a restaurant with some 30 seats, a kitchen, cooking facilities, two WC’s and 2 allocated car parking spaces.

Let on lease to August 2025 at £15,525 per annum exclusive with 3 yearly rent reviews of which is this year, June 2019.

Basement of 65 High Street

Restaurant also trading as The Mediterranean Grill and used for food preparation and storage in conjunction with the ground floor restaurant. This part of the building also has 2 allocated car parking spaces and is also let to August 2025 at £4,475 per annum exclusive with a tenants only break option in August 2020.

1st Floor

Office 1 (front) 309 sq ft (28.7 sq m)

Let to Goodchild/Smith at £500 per month i.e. £6,000 per annum

Office 2 (rear) 154 sq ft (14.3 sq m)

Currently Vacant

Estimated Rental Value - £350 per month, i.e. £4,200 per annum.

Total 1st Floor 468 sq ft (43.4 sq m) with two car parking spaces

2nd Floor

Office 1 (Front) 200 sq ft (18.5 sq m)

Currently vacant.

Estimated rental value - £500 per month i.e. £6,000 per annum.

Office 2 (Rear) 178 sq ft ( 16.6 sq m)

Let to Blizzard at £350 per month i.e. £4,200 per annum.

Total 2nd Floor 378 sq ft (35.11 sq m) with two car parking spaces

We understand that these upper parts are let on monthly inclusive agreements excluding rates and have total Landlord’s outgoings in terms of water rates, electricity, gas and landlords share of property insurance of some £1,650 per annum.

Therefore the total income from the property when fully let is currently some £40,400 per annum leaving a net rent after deductions as above of some £38,750 per annum.

PRICE

£525,000 for the freehold interest, subject to contract.

VAT

We understand that VAT will not be payable on the purchase price.

RATES
Rateable Value
Ground Floor Restaurant £14,500
Basement Restaurant £12,750
Part 1st Floor £3,750
Part 1st Floor £2,200
2nd Floor £4,050

Rates payable should be verified with Dacorum Council on 01442 228000.

LEGAL COSTS

Each party to be responsible for their own surveyors and legal costs.
65 High Street, Hemel Hempstead
Type: Offices, Office, Land, Commercial Land
Location: 65 High Street, HP1 3AF
Images: 1
Brochures: 2
View Property
Under OfferFor sale: £245,000.00
*UNDER OFFER* Comprises a ground floor mid terraced retail unit which forms part of a larger four storey block known as White Lion House. The shop is arranged as an open plan sales area partitioned to create an eye test/consultation room with small office, kitchen and two WCs to the rear. There is a small secure yard to the rear for loading but this could potentially be used for off street parking

Situated within Hatfield which has a population of around 40,000 and is located 20 miles north of London, 13 miles north east of Watford and within 5 miles of St Albans and Welwyn Garden City. Hatfield has excellent road communication links being adjacent to the A1(M) and approximately 6 miles north of the M25 (Junction 23). Hatfield Mainline Railway Station is within ¼ mile and provides a direct link to London with a fastest journey time of approximately 25 minutes.

The ground floor shop is let to Boots Opticians Professional Services Ltd (Reg No.06779221) for 5 years from 21st November 2017 expiring on 20th November 2022 on FR&I terms. The lease is within the security of tenure provisions of the Landlord & Tenant Act 1954

The passing rent is £16,000 p.a. exclusive. A copy of the lease is available upon request.





*UNDER OFFER* 70 Town Centre, Hatfield AL10 0JW
Type: Retail
Location: 70 Town Centre, AL10 0JW
Size: 533 Sq Ft
Images: 1
Brochures: 1
View Property
For Sale£1,400,000.00
ADDRESS: 4-8 Arundel Road, Luton LU4 8DY
• Potential to increase planning on site • Potential for nursing home STP
LOCATION
Luton is located approximately 32 miles North of London and 10 miles north of Hemel Hempstead
Nearby rail services from Luton mainline to London St Pancreas have a journey time of 24 Minutes
SITUATION
Arundel Road is off Dunstable Road Northwest of the town centre with access to the M1 (Junction 11) within a mile
DESCRIPTION
The site comprises 3 bungalows on Arundel Road with extensive gardens to the rear
Planning exists for 5 detached houses, 8 apartments with 24 car parking spaces
This will involve demolition of numbers 4 and 6, with no8 being retained
This planning was obtained in 2004 and is still valid.
We understand there is potential to increase the current density with revised planning
Luton Borough Council 01582-546000
www.luton.gov.uk

VAT: Not Applicable
PRICE: Offers in excess of £1,400.000
Freehold Residential Development site with planning for 5 houses, and 8 apartments keeping one bungalow - Luton
Type: House, Design & Build, Residential, Other Property Types & Opportunities
Location: 4 Arundel Road, LU4 8DY
Images: 1
Brochures: 4
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For Sale£145,000.00
Retail shop premises situated in Queensway directly opposite The Old High Street in Central Hemel Hempstead. The Old Town is particularly characterful with many pubs, restaurants and specialist shops within easy walking distance and public car park is available nearby.

Hemel Hempstead has access to the A41 dual carriageway which provides rapid access to the M25 at Junction 20, approximately 4 miles distance. Junction 8 of the M1 is approximately 3 miles away. Hemel Hempstead is served by a mainline railway station (Euston approximately 30 minutes).

The property comprises ground floor lock-up shop with single toilet to the rear.

The ground floor is held on a lease from 4th February 2015 expiring 13th February 2020. The current passing rent is £9000 per annum exclusive and is subject to an upward only rent review on 14th February 2018.
12 Queensway, Hemel Hempstead
Type: Retail, General Retail
Location: 12 Queensway, HP1 1LR
Size: 547.02 Sq Ft
Images: 1
Brochures: 1
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