Unit 6 Devonshire Park, Chester Road, Borehamwood, WD6 1NA
4,012 Sq Ft / Industrial / Light Industrial
For Sale
- £1,300,000.00
Available - Last updated: 14 November 2024
Summary
Unit 6 is a modern business unit which has been finished to an exceptionally high standard. The ground floor provides warehouse/production space with good eaves height and a separate area comprising a fully fitted kitchen. The original 1st floor offices have been extended and fitted with glazed partitions. The property is air conditioned throughout.
Key Points
Modern unit finished to an exceptional standardGround floor warehousingFirst floor air conditioned offices6 car parking spacesShort to medium term incomeMutual lease break June 2025
Viewings
Strictly by appointment via sole agent.
Location
Devonshire Business Park is located to the north side of Chester Road within the Borehamwood commercial area. The Park is approximately half a mile from the junction with the A1, which is in turn 3 miles from Junction 23 of the M25 (South Mimms). Elstree and Borehamwood stations are approximately one mile away.Terms
The property is available for sale freehold subject to a lease to the current tenant which expires 14th June 2030. The current passing rent is £55,000 per annum and is due for review in June 2025. Recent lettings of similar properties in Borehamwood have achieved rents of £23.50 per sq ft which makes this a highly reversionary investment opportunity.
There is a mutual option to break from the lease on 14th June 2025 for both the landlord and the tenant, upon serving not less than 6 months Notice. This presents an opportunity for prospective owner occupiers who will benefit from the income of the rent being paid but can gain vacant possession for their own occupation in June 2025.
Please contact us for further information.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£1,300,000.00
| NA |
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