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Riverside – Unit B4, Hemel Hempstead, HP1 1BT

Available subject to Relocation
Available by way of a new Sub Lease
Confidentially Available - Staff Unaware

pdf Hemel Hempstead Riverside Unit B4 (1.07 MB)

Location

The subject premises are located in Riverside Shopping Centre adjacent to Pandora close to the entrance from pedestrianized Marlowes. Other occupiers nearby include Next, Monsoon, H&M and Debenhams.

Riverside is a c.300,000 sq ft open-air retail and leisure scheme set around the River Glade and provides the prime shopping experience in Hemel Hempstead, anchored by Debenhams and TK Maxx. The scheme also benefits from a 350 space multi storey car park.

Accommodation

The premises are arranged on ground floor only and provide the following approximate floor area:

Floor sq.m. sq.ft.
Ground Floor 362.9 sq.m (3,907 sq.ft)
First Floor 197.9 sq.m (2,131 sq.ft)

(All measurements have been calculated in imperial and converted to metric).

Tenure

The property is held by way of an effectively full repairing and insuring lease for a term expiring 29th September 2020 at a passing rent of £185,000 pax.

Terms

The property can be made available by way of a lease assignment or by way of a new coterminous sub-lease at a rent to be agreed.

Service Charge

There is an annual service charge payable which is currently £24,618.

Rates

From verbal enquiries, we understand the premises are assessed for rates as follows:-

Interested parties are advised to make their own enquiries with the Local Authority (Tel: 03000 501 501) or visit www.voa.gov.uk.

Costs

All figures quoted are subject to VAT where applicable.

The ingoing party is to be responsible for their own legal costs incurred in the transaction.

Viewing

Appointments to view should be made strictly by prior appointment through Nick McAllester of this office or alternatively contact our joint agents RSR Properties (Tel: 0203 691 4384).

SUBJECT TO CONTRACT & WITHOUT PREJUDICE

Misrepresentation Clause

  • Status: Available
  • Area sq ft: 6,038
  • Area m sq: 560.94
  • Location: Hemel Hempstead
Rateable Value (2017) £89,000