366 Northridge Way, Hemel Hempstead, HP1 2AD

Summary

The property comprises a secure, fully fenced hardstanding forecourt extending to approximately 6,824 Sq.ft, with capacity to accommodate around 45 vehicles, making it well suited for motor sales, fleet hire or open storage uses.

Positioned to the rear of the site is a self-contained moduler building. The accommodation benefits from mains electricity and water, providing a practical base for forecourt operations and offering office accommodation for management, administration or customer-facing activities. The site benefits from a self-contained layout with secure perimeter fencing, allowing for efficient day-to-day operations and a high level of security.

The property is being offered for assignment/sale due to the owner’s retirement, following more than 30 years of successful trading from the site. This presents a rare opportunity to acquire a well-established site.

Key Points

Rent

The forcourt is available by way of an assignment of the existing lease, which is held between the current tenant, trading as Cambridge Motors, and Dacorum Borough Council. The lease commenced on 9 June 1997 and expires on 8 June 2037. It benefits from security of tenure under Part II of the Landlord and Tenant Act 1954.

The parcel of land on which the modular building is situated is held under a separate freehold title. Accordingly, the successful assignee will be required to acquire the freehold interest in this parcel in addition to taking an assignment of the lease. The freehold price is available upon application.

Location

The property is situated at the top of Northridge Way in the area of Hemel Hempstead known as Warners End. The surrounding area of Northridge Way consists predominantly of residential housing, with local amenities including schools, GP surgeries and a parade of shops including a newsagents and Tesco Metro. An Asda petrol station is situated to the side of the site.

Hemel Hempstead railway station is approximately 0.9 miles away. The M1 is 4.1 miles and the M25 (J21) can be accessed via the A41 bypass and is only 10 minutes away.