High Trees Hillfield Rd 14,482 SF 100% Leased Office Building Hemel Hempstead HP2 4AA $3,979,308 ($274.78/SF)

THE PROPERTY COMPRISES A PURPOSE-BUILT
OFFICE BUILDING ARRANGED OVER GROUND
AND FOUR UPPER FLOORS, POSITIONED
ABOVE A SUPERMARKET AT GROUND LEVEL.
The supermarket unit (Iceland) has been sold off on a long leasehold
interest of 150 years from 23rd November 2013 at a ground rent of
£150 per annum and does not form part of the sale.*
The site extends to approximately 0.84 acres and the existing building
extends to 14,482 sq ft.
At ground floor, the building provides a surface and undercroft car park
offering 36 parking spaces, reflecting an excellent ratio of approximately
1 space per 400 sq ft.
Prior approval was granted on 17th March 2026 for the change of use
from Offices (Use Class E) to Residential (Use Class C3), to provide 16
self-contained apartments at first, second and third floor levels (Planning
Ref. 26/00122/RPB).
Prior approval was also granted on 7th July 2025 for the construction
of additional storeys under Class AA (Planning Ref. 24/02031/UPAC).
The approved planning would entail the vertical extension of the
building to facilitate residential development, comprising the demolition
of the existing fourth floor and erection of a new fourth and fifth floor to
provide 12 residential units.