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Hempstead House, Selden Hill, Hemel Hempstead HP1 1BT
Vacant Office Building with Prior Approval For Sale
HOME SUMMARY
SUMMARY
Hempstead House, Selden Hill, Hemel Hempstead HP1 1BT
• Vacant 5-storey B1(a) office building extending to approximately 32,307ft2 GIA
• Prior Approval consent for conversion to 39 (1 and 2 bedrooms) residential apartments under Permitted Development Rights
• Prior Approval application pending for 64 x 1 bedroom units
• Located in close proximity to Hemel Hempstead town centre and approximately 1 mile from Hemel Hempstead Station (trains to King’s Cross in circa 27 mins)
• Offers invited in excess of £7,000,000 for the vacant freehold interest, which reflects a low capital value of £216 per ft2 on existing GIA
DESCRIPTION & LOCATION DEVELOPMENT TERMS
www.kingsbury-consultants.co.uk
DESCRIPTION
LOCATION
Hempstead House is a self contained, 5-storey B1(a) office building extending to approximately 32,307ft2 GIA.
The building occupies a site area of circa 0.25 acres which incorporates 64 surface level car parking spaces.
The existing building is of concrete framed construction under a flat roof and is arranged over ground and 4 upper floors.
The site is bounded by a mix of office and residential apartment blocks.
Hempstead House 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 found in Marlowes Shopping Centre, which is a short walking distance from the site.
The A414 runs to the immediate south of the site with Selden Hill running along the north boundary. 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 mile (circa 20 mins walk) from the property, which provides National Rail services into Central London, including King’s Cross Station in 27 minutes.
DESCRIPTION & LOCATIONHOME SUMMARY DEVELOPMENT TERMS
www.kingsbury-consultants.co.uk Hempstead House, Selden Hill, Hemel Hempstead HP1 1BT
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
PLANNING & DEVELOPMENT POTENTIAL
Prior Approval was granted on 28th July 2014, under reference 4/01218/14/OPA, for the conversion of the entire property to form 39 residential units by way of Permitted Development Rights.
This scheme will provide 23 x 1 bedroom and 16 x 2 bedroom apartments totalling 25,349ft2 NSA.
The approved Permitted Development drawings are available within the dataroom and the online Permitted Development application can be found here.
A second Prior Approval application has been submitted proposing a scheme of 64 x 1 bedroom apartments totalling 24,725ft2 NSA.
There may be potential to construct at least one extra storey in order to create additional residential units, subject to planning permission. The neighbouring building (Bryanston Court) has planning permission to extend by 2 additional floors, as part of a 109 unit redevelopment.
Unit Floor Description NIA ft2 NIA m2
1 Ground 1 Bedroom 2 Person Apartment 517 48
2 Ground 1 Bedroom 2 Person Apartment 570 53
3 Ground 2 Bedroom 3 Person Apartment 538 50
4 Ground 1 Bedroom 2 Person Apartment 560 52
5 Ground 1 Bedroom 2 Person Apartment 753 70
6 Ground 2 Bedroom 3 Person Apartment 786 73
7 Ground 2 Bedroom 3 Person Apartment 560 52
8 Ground 1 Bedroom 2 Person Apartment 786 73
9 Ground 1 Bedroom 2 Person Apartment 614 57
10 First 1 Bedroom 2 Person Apartment 538 50
11 First 2 Bedroom 3 Person Apartment 786 73
12 First 2 Bedroom 3 Person Apartment 581 54
13 First 2 Bedroom 3 Person Apartment 560 52
14 First 1 Bedroom 2 Person Apartment 753 70
15 First 1 Bedroom 2 Person Apartment 786 73
16 First 2 Bedroom 3 Person Apartment 560 52
17 First 1 Bedroom 2 Person Apartment 786 73
18 First 1 Bedroom 2 Person Apartment 614 57
19 Second 1 Bedroom 2 Person Apartment 538 50
20 Second 2 Bedroom 3 Person Apartment 786 73
21 Second 2 Bedroom 3 Person Apartment 581 54
22 Second 2 Bedroom 3 Person Apartment 560 52
23 Second 1 Bedroom 2 Person Apartment 753 70
24 Second 1 Bedroom 2 Person Apartment 786 73
25 Second 1 Bedroom 2 Person Apartment 560 52
26 Second 1 Bedroom 2 Person Apartment 786 73
27 Second 1 Bedroom 2 Person Apartment 614 57
28 Third 1 Bedroom 2 Person Apartment 538 50
29 Third 2 Bedroom 3 Person Apartment 786 73
30 Third 2 Bedroom 3 Person Apartment 581 54
31 Third 2 Bedroom 3 Person Apartment 560 52
32 Third 1 Bedroom 2 Person Apartment 753 70
33 Third 1 Bedroom 2 Person Apartment 786 73
34 Third 2 Bedroom 3 Person Apartment 560 52
35 Third 1 Bedroom 2 Person Apartment 786 73
36 Third 1 Bedroom 2 Person Apartment 614 57
37 Fourth 1 Bedroom 2 Person Apartment 431 40
38 Fourth 1 Bedroom 2 Person Apartment 560 52
39 Fourth 2 Bedroom 3 Person Apartment 786 73
Total 25,349 2,355
www.kingsbury-consultants.co.uk Hempstead House, Selden Hill, Hemel Hempstead HP1 1BT
TENURE
The property is to be sold freehold, subject to vacant possession.
VAT
The property is not elected for VAT.
TERMS
Offers are invited in excess of £7,000,000, which reflects a low capital value of £216 per ft2 on existing GIA
ADDITIONAL INFORMATION
Further information including planning and legal documents are available within our dataroom using the access code ‘Hempstead’.
CONTACT
To discuss any aspect of this property or the disposal process, please contact the sole selling agents:
Paul Heale 020 7183 2529
Keir Goldstein020 7183 2529
Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
TERMSHOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT
www.kingsbury-consultants.co.uk
Kingsbury
1st Floor, 81 Alie Street, London E1 8NH
Hempstead House, Selden Hill, Hemel Hempstead HP1 1BT
