Lot 01 - 193 London Road, Hemel Hempstead, Hertfordshire, HP3 9SE

  • Unconditional Online Auction Sale
  • Guide Price* : £295,000+

Substantial former commercial premises with potential to convert into multiple residential units (subject to the necessary consents). Spread over 3 floors and in need of modernisation throughout, this would make an excellent long-term investment. Located in the popular Apsley area of Hemel Hempstead with excellent access to the town centre, train station and A41.


Description

Situation and Description
This large commercial building is now in need of updating, modernisation and re-configuration and would lend itself to various alternative uses depending on the buyers individual circumstances and expertise.

Located in the popular Apsley area of Hemel Hempstead just south east of the town centre, many large employers (Sainsburys, McDonalds, Wickes and Currys) are a short walk away as is the town centre itself which offers a wide range of shopping and leisure opportunities. Hemel Hempstead train station is also nearby as is the A41 which gives excellent access to the M25 and surrounding area.

Accommodation
The property was used as a commercial premises and comprises:

Entrance Hall, Open Plan Shop Floor and a small Kitchenette on the Ground Floor
Large Landing, Room 1, Room 2 and Bathroom on the First Floor
Room 3 and Room 4 on the Second Floor

Tenure
Freehold

Auctioneer's Notes
It is our opinion that you could convert the property into a 5/6 bedroom HMO (house of multiple occupancy). Buyers are advised to seek their own professional advice on the potential change of use with the Local Authority planning department.

Auction Details
The lot is to be sold by online auction on Wednesday 25th May at 4:00pm (bidding opens on Tuesday 24th May at 12pm)

Please note that a Buyer’s Premium of 1.2% inc.VAT of the purchase price is to be paid by the successful Buyer (subject to a minimum fee of £2,400 inc.VAT).

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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