Industrial for sale in High Street, Elstree, Herts WD6

Offers over £825,000 (£183.01/sq. ft)
Industrial for sale 4,508 sq. ft*
Interested in this property? Call +44 20 8033 5787 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location: The property is situated in a prominent position on the corner of High Street, Elstree and Barnet Lane.

Accommodation: Comprises a rear industrial building and yard occupied as a tyre and exhaust centre, together with a small shop / office fronting the High Street and 2 flats, having a site area of 4,508 sq ft approx.

Planning: Planning Permission has been granted on the 14 February 2019 for the redevelopment of the rear site incorporating the tyre and exhaust centre, excluding the shop and flats, to construct a 2-bedroom house together with gardens and parking.

Full details can be obtained from Hertsmere Borough Council planning portal reference 18/1634/ful.

Tenancies & incomes

Shop – Barbers
211 sq ft 7 years commencing 20th April 2020 with rent review in July 2023. Producing £10,000 pa.

Flat 1: First floor
Let on an AST12 months commencing January 2020. Producing £13,200 pa.

Flat 2: Ground floor
1-bedroom Vacant. Erv £11,500 pa.

Industrial 1,010 sq ft
Tyre & Exhaust Centre. 6 years commencing 3rd September 2018
There is a tenants break clause at 3rd year upon 6 months notice and a landlords break clause upon 6 months notice anytime after the 3rd year. The lease excludes the L & T Act 1954 (Sections 24-28 inclusive). Producing £15,000 pa.

Total actual and estimated income: £49,700 pa.

Price: Offers are invited in excess of £825,000 for the benefit of the freehold interest and incomes derived.

Legal costs: Each party to be responsible for their own costs incurred.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Michael Berman & Co, N2 on +44 20 8033 5787 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Michael Berman & Co, and do not constitute property particulars. Please contact Michael Berman & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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