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150-156 MARLOWES HEMEL HEMPSTEAD, HP1 1BA GLPG JOINT AGENTS: PROPOSED SCHEME VISUALISATION
150-156 MARLOWESHEMEL HEMPSTEAD, HP1 1BA GLPG
JOINT AGENTS:
PROPOSED SCHEME VISUALISATION
INVESTMENT SUMMARY
150-156 MARLOWES, HEMEL HEMPSTEAD, HP1 1BA 2GLPG
• The sale of a freehold site with detailed planning consent for a part conversion & vertical extension to create a mix of 18 private-sale apartments (Click Here) to skip to the proposed accommodation schedule)
• Proposed Residential NSA approx. 8,852 sq. ft. / 822 sq. m.
• Ground-floor commercial space to be retained by the current owner by way of a new 999-year lease at a peppercorn rent
• Prominent site measuring approx. 0.34 acres / 14,810 sq. ft. / 1,376 sq. m.
• CIL estimated at approx. £126,000 and we understand there to be no S106 liabilities
• No on-site affordable housing
EXISTING
LOCATIONThe site is located on Marlowes, Hemel Hempstead, a position surrounded by an abundance of local amenities, whilst being just 0.2 miles from Hemel Hempstead Hospital.
Hemel Hempstead is an affluent area, comprising a mix of families and young professionals, where properties of all types continue to benefit from strong capital appreciation.
The Town Centre has an abundance of restaurants, shops and supermarkets whilst having excellent local schools. The railway station is located approx. 1.2 miles from the site, with trains travelling into London Euston Station in approx. 30 minutes.
The area has experienced substantial growth over the past decade, underpinned by excellent schools and transport links as well as being a short journey time into Central London by both car and public transport.
KEY DISTANCES
150-156 MARLOWES, HEMEL HEMPSTEAD, HP1 1BA 3GLPG
• 300 feet - The Jellicoe Water Gardens
• 0.2 Miles - Hemel Hempstead Hospital
• 0.3 Miles - Asda Supermarket
• 0.4 Miles - West Herts College
• 0.4 Miles - The Marlowes Shopping Centre
• 0.5 Miles - The Hemel Hempstead School
• 1.2 Miles - Hemel Hempstead Train StationJELLICOE WATER GARDENS - 300 FEET AWAYJELLICOE WATER GARDENS - 300 FEET AWAY
150-156 MARLOWES
S H O P P I N G C E N T R E
JellicoeWater
Gardens
150-156 MARLOWES, HEMEL HEMPSTEAD, HP1 1BA
PROPOSED SCHEME & COMMERCIAL SPACEThe site benefits from detailed planning consent for a part conversion and extension to create a residential scheme comprising 18 private-sale apartments broken down as follows, within three separate applications:
• First-floor commercial ancillary space to be converted into 3 apartments• Two-storey front air space extension to the existing building to create 6
apartments• Three-storey air space rear extension to create a further 9 apartments
There is further potential to enhance the scheme by way of changing the 6 x 1-bed duplex apartments into 2-bedroom apartments, subject to obtaining all necessary consents.
The ground-floor currently comprises four commercial units including one which is double-width, where a portion of this unit will be siphened off to create a new front entrance for the proposed residential units (see the CGI entrance marked 156).
The seller will be retaining all ground-floor commercial space within the proposed scheme, by way of a new 999-year lease at a peppercorn rent, with a rights of way granted to them by the purchaser during the conveyancing process.
NB: There are a further eight apartments within the existing first & second- floor which have been sold-off on long leases, and are not included within the sale.
5GLPG
110 WALM LANE
Click Here to visit the property webpage - please click the dataroom link to the right-hand side and enter access code: 150marlowes (case sensitive)
The data room contains the following set of documents: 1. ZIP folders containing the approved plans & documents for the various applications2. CIL liability Notices 3. Site photographs
Please note, the data room is being regularly updated.
DATA ROOM
Unit Floor Type/Beds NIA Sq. Ft. NIA Sq. M.
6-Unit Consent (Planning Ref: 4/00791/19/MFA)
1 Third Studio 302 28.1
2 Third Studio 310 28.9
3 Third/Fourth 1-Bed Duplex 535 50
4 Third/Fourth 1-Bed Duplex 525 49
5 Third/Fourth 1-Bed Duplex 555 52
6 Fourth 1-Bed 460 43
Sub-Total 2,687 251
9-Unit Consent (Planning Ref: 4/02153/19/FUL)
1 Second 1-Bed 548 51
2 Second 1-Bed 375 35
3 Second 1-Bed 580 54
4 Third 1-Bed 548 51
5 Third 1-Bed 375 35
6 Third 1-Bed 580 54
7 Fourth 1-Bed 495 46
8 Fourth 1-Bed 375 35
9 Fourth 1-Bed 580 54
Sub-Total 4,456 415
3-Unit Consent (Planning Ref: 20/00775/FUL)
1 First 1-Bed 590 55
2 First 1-Bed 538 50
3 First 1-Bed 580 54
Sub-Total 1,708 159
Grand-Total 8,852 825
150-156 MARLOWES, HEMEL HEMPSTEAD, HP1 1BA
Legal Disclaimer: GLPG on their own behalf and on behalf of the Owner/Landlord of this property give notice that this document does not constitute any form of contract for sale or lease. Statements made within emails, brochures, related documentation and other commu-nication from GLPG Limited, including that of income, legal financial contributions, measure-ments and distances should not be relied upon and are made without prejudice.
Interested parties are strongly advised to satisfy themselves as to the correctness of each statement, and to carry out their own due diligence including to ensure that the title is satis-factory and that they have the ability to implement any proposed scheme.
GLPG is the trading name of GLPG Limited, a company registered in England, No: 09871398.
CONTACTFor further information or to arrange an inspection, please contact GLPG or Brasier Freeth on the contact details below:
Dean LeslieDirector07446 918 [email protected]
Matt GlazerDirector07879 774 [email protected]
GLPG
PROPOSALOffers Invited for the Freehold interest in excess of £1,000,000, subject to contract
VATIt is our understanding that the property is elected for VAT
OFFERSTo be sent via email to [email protected], detailing the following:
1. Purchaser details 2. Proposal including timescales 3. Exchange deposit 4. Method of funding & proof of funds 5. Level of due diligence undertaken to date 6. Solicitor details 7. Any associated conditions
DATA ROOMClick Here to visit the property webpage - please click the dataroom link to the right-hand side and enter access code: 150marlowes (case sensitive)
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DEBT ADVISORYGLPG’s Debt Advisory Team advises clients seeking real estate finance for developments or acquisitions. The Team can support you in obtaining efficient finance which recognises the qualitative factors when fostering borrower to lender partnerships. For more information, please contact Nick Swerner on 07966 487 790 / 0203 640 6420 / [email protected].
Adam FreedmanInvestment Associate07572 121 [email protected]
Emmanuel RashtiInvestment Associate07738 571 [email protected]
020 3640 [email protected]
01442 [email protected]
Philip WalkerAssociate01442 298 [email protected]
Oliver Elderf ield01442 [email protected]
