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ref: 24342

Residential Development Opportunity For Sale - Permitted Development

£5,500,000 (€6,272,750 approx)
239-245 The Marlowes & 1 Selden Hill, Marlowes, 239 Hemel Hempstead, HP1 1BL
Property Type
Development Opportunity
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The existing property comprises a mixed-use commercial building extending to 19,276ft2 NIA
across ground, 1st, 2nd and 3rd floors.
The ground floor is arranged as 5 self-contained commercial units extending to 8,534ft2 NIA
in total, which are all accessed from Marlowes (a pedestrianised road).
The 1st floor comprises office space and staff areas extending to circa 3,423ft2 NIA which is
ancillary to the ground floor retail units.
The 2nd and 3rd floors comprise office space (B1 Use Class) extending to 7,319ft2 NIA, which
is accessed via a side entrance on Selden Hill.
The property incorporates a rear service yard and car park accommodating 12 vehicles which
is accessed via King Harry Street.


4-storey commercial building comprising 5 retail units totalling 8,534 sq ft, with office space extending 10,742 sq ft (NIA) across the upper floors.
80% of the current income secured against national multiple retailers, with a current passing rent of £153,500 per annum.
Located in the heart of Hemel Hempstead town centre, 1.5 miles from the railway station.
Extensive frontage onto Marlowes, Hemel Hempstead’s prime retail pitch, therefore benefitting from excellent footfall being between the entrances to two shopping centres.
Prior approval granted for the construction of 30 apartments totalling 10,628 sq ft (NSA) with an additional 10 units (7,933 sq ft NSA) approved via a two storey roof extension.
The property is held freehold and will be sold with vacant possession of the upper floors on completion


The site is located in the popular Hertfordshire town of Hemel Hempstead, within Dacorum
Borough Council.
The surrounding area comprises a mix of residential and commercial uses, with the nearest
shops and amenities located adjacent to the site and within Marlowes Shopping Centre, which
is a short walking distance to the west of the site.
The A414 and Selden Hill run to the immediate south of the site with Hemel Hempstead
Interchange is located 250m from the property and was provided as part of the £30m Hemel
Evolution Regeneration Programme, which is currently underway.
The nearest station is Hemel Hempstead, located approximately 1.5 miles (circa 29 mins
walk) from the property, which provides National Rail services into Central London, including
King’s Cross Station in 27 minutes.




Block viewings will be held for parties who wish to inspect the property. Viewings are strictly via prior appointment through joint agents Colliers International and Kingsbury Consultants.

For additional information or to book a viewing, please contact myself or Hannah Greenland cc’d (+44 20 7344 6559).


Property for sale via informal tender.

Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 26/04/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499