Retail premises for sale in High Street, Tring HP23, £650,000

650,000.00

Offer Nr.:
65720063
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Gilmartin Ley
Phone(s):
020 3641 5757

* Imposing freehold building for sale with development potential
* Highly desirable Hertfordshire market town
* Located in the Chilterns 'Area of Outstanding Natural Beauty'
* Gross Internal Area: 390. 66 sq. m (4, 205 sq. ft)
* Planning permission granted to provide 3 x large duplex flats
* Development potential for alternative uses and for additional built space STPP
* Planning Use Class E permits retail, office, restaurant, medical and nursery use
* Tring Station is only 2. 76km distant - time to London Euston Station is c. 37mins
* Junction 20 of the M25 is only 18. 2km distant
The property comprises a, Grade II listed, former bank building and
substantial rear garden.
The building is arranged over basement, ground and first floors. The ground
floor and basement is to be sold with vacant possession. The first floor,
which has been converted into 3 flats has been sold off on a long lease. The
property also includes 2 car parking spaces to the rear.
The ground floor space is currently configured to provide an open banking
hall, separate office, WCs, kitchen and rear store / strongroom. The basement
is arranged as a number of barrel roofed storage/vault rooms.
As the building falls within Use Class E it has potential to be used for a
variety of purposes including, retail, office, restaurant, medical consulting
rooms and children's day nursery under permitted development. Clearly any
physical change to the building is likely to require both planning and Listed
Building consents and we recommend buyers commission planning advice in
respect of their proposed uses.
Planning permission (ref: 21/02161/lbc) has been granted for 'Change of use
from A2 (Banking and Finance) to C3 (Residential) and B1 (Office).
Refurbishment of vacant premises to 3no two bed flats. Demolition of disused
strongroom structure. ' A copy of the various planning documents and associated
plans are available to download.
There may be further development potential for an additional 3 bedroom mews
house within the rear garden, subject to obtaining the necessary planning
consents.
Terms:
Freehold For Sale with vacant possession of the ground floor and basement. The
upper parts has been sold off on a 125 year long lease dated 29 July 2015 and
producing a ground rent of £250 pa. A copy of the lease is available to
download.
Location:
The subject property is located in the centre of Tring, an affluent
Hertfordshire market town, nestled in the heart of the Chilterns, a well known
‘Area of Outstanding Natural Beauty’ approximately 48. 7km (30 miles) north -
west of central London.
The property is well provided for in terms of local amenity. The town has a
vibrant high street with a broad selection of independent cafes, restaurants,
bars & shops; in addition to national retailers such as M&S Simply Food, Tesco
Superstore and Co - op. Tring also has it’s own Natural History Museum.
Transport communications are excellent. Tring Rail Station is 2. 76km (1. 7
miles) to the east, where there are frequent direct rail services to London
Euston Station, with a journey time of circa 37 minutes.
The property is well served for road communications lying approximately 0. 6km
(0. 4 miles) to the north of the A41 and approximately 18. 2km (11 miles) north -
west of Junction 20 of the M25 motorway.
Excellent transport communications by road and rail:
Tring Station is only 2. 76km distant - the travel time to London Euston
Station is c. 37 minutes
Junction 20 of the M25 is only 18. 2km distant

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