Studio for sale in The Square, Marlowes, Hemel Hempstead HP1

For sale by auction on Wednesday 17th April 2024 commencing at 1PM
guide price: £90,000 to £110,000
viewings by appointment only - (Sat 23/03/24 10.45am to 11.15am, 30/03/24,06/04/24 & 13/04/24)
A fantastic investment opportunity presenting a studio apartment located in Hemel Hempstead Town Centre. The property has been previously let for a rent passing of £700 per calendar month generating a 9.3% yield. The property comes to market with vacant possession having been recently decorated and is presented in fantastic condition. The accommodation measures approximately 300 sq ft comprising an entrance, bedroom/lounge/dining area, kitchen and bathroom with 88 years remaining on the lease.

Accommodation

Entrance

Entered via a part glazed uPVC front door, there is a wood effect floor and doors leading to:-

Lounge/Bedroom (5.28m x 3.56m (17'04 x 11'08))

An open plan space presenting a lounge/dining/bedroom area with windows to the front elevation and an arch leading to the kitchen.

Lounge Area

Tv points and sockets connected.

Bedroom Area

Fitted with continued wood effect flooring there is access to a built-in wardrobe

Kitchen (2.41m x 1.88m (7'11 x 6'02))

A window to the rear elevation, there are a range of floor and wall-mounted cabinets with composite worktops and tiled splashback. An integrated stainless steel sink and drainer with chrome tap over, electric hob with oven below. There is space for a fridge/freezer and a washing machine. The gas boiler is wall-mounted.

Bathroom (1.85m x 1.68m (6'01 x 5'06))

Suite comprising bath with shower mixer tap over, WC and hand wash basin with vanity below. The walls are tiled and there is a radiator connected with a window to the rear elevation.

Services

Mains gas, water, electricity and drainage. None of these services have been tested.

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.

Buyers Administration Charge

The purchaser will be required to pay an administration charge of £900 (£750 plus VAT).

Buyers Premium Charge

The purchaser will be required to pay a buyer's premium charge of £1,500 (£1,250 plus VAT).

How To Get There

From the hospital proceed down the hill on Hillfield Road, the property is directly opposite on the other side of the road above the parade of shops and can be accessed via the white door on the left-hand side next to the Ladbrooks and Pizza shop.