Business Space Investment

37 Mark Road, , HP2 7DN

South East Business Space Investment Opportunity 37 Mark Road, Hemel Hempstead, HP2 7DN

Investment Considerations ■■ Modern south east business space investment opportunity ■■ Excellent situation being in close proximity to the town centre and junction 8 of the M1 ■■ Let to excellent covenants of Citysprint (UK) Ltd and ADT Fire & Security Plc ■■ A new letting off a low base rent of £6.82 per sq ft to Citysprint ■■ Opportunity to re-gear the ADT lease ■■ Offers in excess of £550,000 (Five Hundred and Fifty Thousand Pounds) ■■ Attractive net initial yield of 21.78% ■■ Low capital value of £43.17 per sq ft

Th 7 re 48 e B C h e A5 r r oadM11 y M1 k R A505 in A A131 Stevenage L T A418 147 Stansted4 re Dunstable 1 Location A120A4 es Luton A1(M) 4 A5 Luton Bishop’s A120 A120 A120 La 7 ne

Knebworth e A10 Stortford R an L Hemel Hempstead is located in the county of A602 e e A418 A1(M) M11 d al M1 b d A5 w o A131 llo , approximately 25 miles (40 km) u A130 wa Aylesbury r S Welwyn Garden n

A41 A10 northwest of , 11 miles (17 km) north of R City o A12 HEMEL a J7 ( ) d A1 M A414 A414 M11 47 and 9 miles (14 km) south of Luton. The 41 A130 A41 HEMPSTEAD A B

A12 o town benefits from excellent road communications M1 Hatfield u d n A4010 oa d R A138 a M10 Chelmsfordk r being situated approximately 1 mile (1.6 km) ar y A41 A414 M W A1(M) A10 A414 A414 J21 M11 a to the west of the (junction 8), y M25 Chipping J20 Potters Bar Epping M1 Ongar A12 accessed via the A414 (Breakspear Way), and J23 M25 H Rd J19 J25 M dA130 M25 i n A A404 J27 g a ela 4 y h r v a k le 1 the (junction 20), which is located A4010 Borehamwood C 4 w S R M25 s 7 n t o Watford r A1 a

Enfield e e

M e d M approximately 3 miles (4.8 km) to the south east, M1 uM11 M25 e M High A10 A12t

Barnet Q a 1 1 A355 A130y

M40 7 Billericay l

accessed via the A41. Wycombe A413 South 8 a Brentwood n North Finchley 4 Chigwell Maylands G

Oxney B J28 Wickfordd M25 s r Wood M40 M1 e

A12 A Harefield Stamford e Wo The town is well connected to the national n o

Harrow M25 d v d Lane n e Brent A12 A127 E End Hill Walthamstow G

M40 J29 e A130 n r Ruislip n u railway network with a fastest journey time of Cross A10 Romford Basildona e e

A404 J16 L B e d n A12 o u

A40 Holloway o n approximately 25 minutes to London Euston. Wembely c L

W Benfleet e a

A13 Southend-on-Sea n

Uxbridge A40 Stratford fi e e Hemel Hempstead is well served by several major M25 Canvey ld

Slough A13 A13 Stanford-le-Hope L M25 a Island n airports being approximately 25 miles (42 km) from M4 LONDON A13 e J15 M4 M4 Heathrow airport, 8.5 miles (14 km) from Luton Fulham pear Way Windsor Hounslow A2 reaks Heathrow Clapham A20 B M4 M25 Richmond L 4 airport and 29 miles (46 km) from Stansted airport. Dartford e 41 A2 v A316 e A r Staines M25 Gravesends A t Sheerness Kingston A2 o J8 4 Ashford J2 c 1 Upon Thames A20 k 4 A309 A2 G A3 re M3 Bromley e J12 A23 Swanley n L Tolworth R e A322 J3 o Gillingham Rochester a v M3 A24 d e Croydon r A Weybridge A232 A232 s M2 t 4 Chessington o 1 M25 Sutton A21 M25 M20 c 4

A3 ad k

A243 o G A217 R Sittingbourne

M3 s M2 r Shoreham Snodland e Epsom an J10 e A24 lb Woking A23 Biggin Hill .A n M25 t A22 S M20 W J9 ans Road J5 M26 St.Alb 14 a A3 A217 14 Sevenoaks 4 A229 y A4 A A26 A331 M25 M25 Maidstone M20 J7 A24 J8 J6 Oxted A21 A3 Guildford Reigate M23 A31 Dorking A22 A229 Redhill A26 A31 A24 A21 Tonbridge M23 A3 Paddock Horley Royal A22 Wood Staplehurst Gatwick Tunbridge A21 A264 Wells A26 A229 A24 A3 Crawley Three Bridges M23 East Grinstead A21 North A264 A26 Horsham A22 A3 A229 Horsham A23 A26 A21 A24 Haywards A22 A23 Heath A24 Burgess Hill A22

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A V E B U R Y C O U R T

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M A R K R O El Sub Sta A D

Mark House 8

3 Covenant Information Citysprint (UK) Limited (04327611) ADT Fire & Security Plc (01161045)

Hemel Hempstead 31/12/2010 31/12/2011 31/12/2012 24/09/2010 30/09/2011 28/09/2012

Industrial Estate Turnover £61,065,419 £74,307,554 £101,106,299 Turnover £362,452,000 £363,384,000 £360,532,000

9 Pre Tax Profit £3,866,488 £3,861,861 £5,059,384 Pre Tax Profit £1,847,000 £17,972,000 £31,738,000 3 Total Net Worth £7,467,450 £3,175,406 £9,209,953 Total Net Worth £429,056,000 £442,023,000 £470,021,000 Forsyth House

© Crown Copyright, ES 100004106. For identification purposes only. Situation Tenancy Schedule 0m 10m 20m 30m The property is located in the principal business district of Hemel Unit Tenant Floor NIA NIA Lease Lease Break Rent Comments Hempstead being O2rdn amilesnce Survey ©east Crown Co pyofrigh t 2013the. All rtownights reserved . centre and 3 miles east of Licence number 100022432. Plotted Scale - 1:1250 (Sq M) (Sq Ft) Start Expiry (£psf) Hemel Hempstead rail station. The property is strategically situated on the western edge of Hemel Hempstead Industrial estate, only 1.3 A Citysprint Ground 231.89 2,496 17/01/2014 16/01/2019 16/01/2018 £35,250 3 months rent free granted as miles west of Junction 8 of the M1. Mark Road, adjacent to Maylands (UK) Limited First 247.96 2,669 (£6.82) 50% rent over first 6 months. Vendor Avenue, has a mixture of office and light industrial accommodation, Sub Total 479.85 5,165 to top up. Schedule of condition and is separated from the residential accommodation to the west and B ADT Fire & Ground 350.22 3,769 25/03/1988 24/03/2013 £91,500 Holding over north by Widmore Wood and Maylands Wood. Security Plc First 353.59 3,806 (£12.07) Sub Total 703.81 7,575 The Maylands Avenue Business District comprises a range of developments, with high profile occupiers including Royal Mail, BSI, Total 1,183.66 12,740 £126,750 and Amazon. The Campus, located within this Business District, is to the north west of the property, with occupiers including Steria Ltd and Fenton Packaging. Other developments and occupiers include Description Tenure DSG Retail office headquarters, The People Building, which is part let to ASOS.com, and Breakspear Park, where tenants include BP and The property comprises 2 detached buildings All the accommodation benefits from the Freehold Regus. arranged over ground and first floors. following specification:- Unit A & B are of the same specification with the • Loading door (height 2.86m, width 2.86m) Business Rates Dacorum Borough Council has adopted the Maylands Master Plan, ground floor suitable for workshop / assembly / • Central heating which seeks to ‘unlock the potential that Maylands has to become the We understand the rateable value and storage space or further offices and the first floor • Open plan office accommodation leading location for business in the East of and beyond’. rates payable are as follows assuming being fitted out as office accommodation. The first • WC’s on both floors the current poundage multiplier of 0.462. floor of Unit A has been recently refurbished to include air conditioning cassettes to first floor. VAT Rateable Value Rates Payable Unit A benefits from 20 car parking spaces giving a The property is not elected for VAT therefore VAT Unit A £67,500 £31,182 ratio of (1:258). Unit B benefits from 38 car parking will not be payable on the purchase price. Unit B £64,000 £29,568 spaces giving a ratio of (1:199). 37 Mark Road, Hemel Hempstead, HP2 7DN

EPC

Proposal Our clients are seeking offers in excess of £550,000 (Five Hundred and Fifty Thousand Pounds), a purchase at this level will show a net initial yield of 21.78% assuming usual purchasers costs of 5.8% and a low capital value of £43.17 per sq ft.

For further information or to make arrangements for viewing please contact:

Guy Scott Plummer James Lawson 020 7543 6726 020 7543 6825 [email protected] [email protected] www.allsop.co.uk

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. 01.14