Auction
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Land off Breakspear Way, Hemel Hempstead, HP2 4UA

  • Auction
  • Lot 27
  • United Kingdom
  • Land/Site
  • Commercial

Sold for £79,350

Property Summary

  • Freehold Land
  • Fronting A414 within 0.4 of a mile of J8 of the M1
  • Approx 3.90 acres (1.58 ha)
  • Bordering Holiday Inn

Contact Us

Simon Riggall
Simon Riggall
Property Agent, here to help.
Reece Croghan
Reece Croghan
Joint Agent, here to help.
Joseph White
Vendor's Solicitor

Contact Us

Simon Riggall
Simon Riggall
Property Agent, here to help.
Reece Croghan
Reece Croghan
Joint Agent, here to help.
Joseph White
Vendor's Solicitor

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Property description

The property comprises an approximate "L" footprint with a long fenced frontage to the A414 and bordering the Holiday Inn Hotel to the east.. The site is heavily wooded and overgrown on the Breakspear Way frontage with open space to the south adjoining existing residential development.

Location

Hemel Hempstead lies alongside the M1, 24 miles to the northwest of London, and following its post war designation as a new town and the construction of the M1, has rapidly expanded as a commercial centre as well as a dormitory town for London Commuters. With a population of well over 100,000 major employers include Amazon, Aquascutum, Dupont, Bp, Atlas Copco, Kodak and as well as companies involved in Aerospace.

This substantial site occupies a prominent location fronting and set back from the south side of the A414 Breakspear Way dual carriageway link between the town centre 1.5 miles and and J8 of the M1 approx 0.4 of a mile.

There are a number of business parks in close proximity and immediately alongside is a Holiday Inn Hotel with residential to the south of the site.

Planning

The property falls within the administration of Dacorum Borough Council and is believed to be currently designated as open land.

There may be potential for future development ofr the land subject to grant of necessary consents.

The sale is subject to the inclusion of a 50% overage upon any increase in value following planning - please see the legal pack for detail.

Tenure

Freehold with vacant possession

VAT

Please refer to Legal Documents

Helpful links

*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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