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Substantial Class E Town-Centre Commercial Unit with Prominent Frontage

Substantial Class E Town-Centre Commercial Unit with Prominent Frontage

Address

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Auction date

16 Dec 2026

Guide price

£700,000

Type

Commercial

Tenure

Leasehold

EPC Rating

C

Status

Upcoming

Auction location placehbolder

Description

A substantial vacant commercial unit in shell condition, offering a flexible opportunity in Hemel Hempstead town centre. With prominent frontage, Class E use and a new 999-year lease available on completion, it may suit an investor or an owner-occupier planning a bespoke fit-out.

  • Approximate floor area: 4,732 sq ft (439.62 sq m)
  • Ground floor Units 1a and 1b, Store 1 and Stair 2, plus first-floor space; rear Store 2 is excluded
  • Open-plan shell layout with rear store and WC; first-floor space for a staff kitchen and WC, to be fitted by the purchaser
  • Commercial lift, power and water points; rear servicing access
  • Class E use, subject to any necessary consents; EPC rating C
  • Vacant possession and new 999-year lease on completion, with £100 annual ground rent
  • Estimated rental value of approximately £85,000 per annum; potential gross yield stated as 12.14% at guide price

The long leasehold interest offers an exceptionally lengthy term, while the stated ground rent and further lease provisions should be reviewed in the legal pack. The vacant shell condition gives buyers scope to tailor the remaining fit-out to an intended commercial use. The property is in a prominent Hemel Hempstead town-centre trading location, and the listing states a 42-day completion period.

Last update: 10 Nov 2026

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