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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: 18 June 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 standard
  • Ground floor warehousing
  • First floor air conditioned offices
  • 6 car parking spaces
  • Short to medium term income
  • Mutual 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)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £1,300,000.00 NA

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    Contact agents

    Graham Payne

    Stimpsons

    01707 515069



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