Summary
The property comprises a substantial, self-contained ground floor commercial unit within a modern mixed-use development, with other commercial premises at ground level and residential apartments above.
Previously occupied as a dental surgery, the premises may suit a range of occupiers, although currently benefit from a high standard of clinical fit-out, providing an opportunity for medical, dental and other healthcare occupiers to utilise the existing accommodation, subject to their requirements. The current layout comprises reception and waiting areas, treatment/consulting rooms, offices, staff room, WCs and ancillary accommodation.
The property benefits from extensive glazed frontage, front and rear entrances, suspended ceilings, raised flooring, air conditioning and gas heating, the condition of which should be checked by interested parties. There is a communal courtyard to the rear, with gated vehicular access from Loates Lane and six car parking spaces included.
Key Points
Approximately 4,584 Sq.ft (425.8 Sq.m)High-quality existing clinical fit-out6 allocated car parking spacesProminent town centre location, with frontage to main ring roadLong leasehold for sale, with approximately 136 years unexpiredLocation
Watford is a major commercial centre in south Hertfordshire, approximately 20 miles north of Central London, benefiting from excellent road communications via the M1 and M25 motorways.
The property occupies a prominent town centre position fronting Beechen Grove, on Watford town centre's ring road, opposite the Atria Shopping Centre.
Watford Junction railway station is within walking distance and provides frequent services to London Euston.
Terms
The property is offered for sale by way of the existing Long Leasehold interest, for a term expiring on 10 November 2162, providing approximately 136 years unexpired. The current ground rent is understood to be £1,400 per annum, subject to RPI-linked reviews every 25 years, with the next due in December 2032.
The lease permits uses falling within the former A2, B1 and D1 use classes, including offices, financial/professional services and medical/dental uses. Alternative uses may require landlord's consent. The lease does not permit assignment or underletting of part under the existing provisions.