54 & 79 Duxons Turn And 1-6 Mark Road, 1 Mark Road, Hemel Hempstead, HP2

Description

• The premises comprise a large, detached workshop building and a smaller neighbouring end-terrace workshop building (forming part of a larger building) on Duxons Turn, together with a parade of six small quasi workshop/office/trade counter units on Mark Road.
• The buildings on Duxons Turn are of steel frame construction with solid brick elevations and corrugated asbestos cement roofs.
• The investment currently produces a total passing rent of £315,200 per annum exclusive split as follows: £161,800 pax to 79 Duxons Turn, £70,700 pax to 54 Duxons Turn and £82,700 pax to 1-4 & 6 Mark Road.
• To summarise the lease terms are 6 year leases from 21st August 2023 under the permitted use of B1(c) B8 or B2 together with ancillary administrative offices. The tenant has a full repairing and insuring liability (FRI), limited by way of a photographic schedule of condition and benefits from security of tenure.

Location

• Hemel Hempstead is located approximately 24 miles north-west of London. To the east lies St Albans, a cathedral city which, like Hemel Hempstead, forms part of the London commuter belt.
• Located less than 5 minutes away from Junction 8 of M1, providing quick access to nearby St Albans and only 4 miles to Junction 6A of the M25.
• The premises are 3.3 miles away from Hemel Hempstead train station, with connections to London Euston, Milton Keynes and Tring.