£2,000,000
(£102.03/sq. ft)
Industrial for sale1A Greycaine Road, Watford WD24
19,602 sq. ft
Freehold
About this property
Secure site area of approx 0.45 acres
Single storey workshop
Substantial concrete surfaced yard
6 minute drive to Junction 5 of the M1
Estimated Rates Payable: £30720
Description
The property comprises a secure site extending to approximately 0.45 acres, situated within the established Greycaine Industrial Estate. The site includes a single-storey workshop together with a substantial concrete surfaced yard, currently utilised as a vehicle workshop and bus depot. The site is enclosed by palisade fencing with a secure gated entrance providing vehicular access. Access is available from the eastern side of the site, together with a right of way over the western arm of Greycaine Road across intervening land. Subject to the necessary planning consents, the property may also offer redevelopment potential.
There is currently a lease in place with venture transport (Hendon) (1965) Ltd for a term of 10 years from April 2022 with a rent review at the 5th year and a mutual break option and not less than 6 months written notice from 30th April 2027. Where the current rent is £55,000 per annum exclusive.
Location
Situated on Greycaine Road within the well-established Greycaine Industrial Estate, the property benefits from excellent transport links. The A41 is approximately 1 mile away, with Junctions 5 and 6 of the M1 within 2 miles. Watford town centre is approximately 2 miles away, while Watford Junction Station, providing direct services to London Euston, is approximately 1.5 miles from the property.
The property comprises a secure site extending to approximately 0.45 acres, situated within the established Greycaine Industrial Estate. The site includes a single-storey workshop together with a substantial concrete surfaced yard, currently utilised as a vehicle workshop and bus depot. The site is enclosed by palisade fencing with a secure gated entrance providing vehicular access. Access is available from the eastern side of the site, together with a right of way over the western arm of Greycaine Road across intervening land. Subject to the necessary planning consents, the property may also offer redevelopment potential.
There is currently a lease in place with venture transport (Hendon) (1965) Ltd for a term of 10 years from April 2022 with a rent review at the 5th year and a mutual break option and not less than 6 months written notice from 30th April 2027. Where the current rent is £55,000 per annum exclusive.
Location
Situated on Greycaine Road within the well-established Greycaine Industrial Estate, the property benefits from excellent transport links. The A41 is approximately 1 mile away, with Junctions 5 and 6 of the M1 within 2 miles. Watford town centre is approximately 2 miles away, while Watford Junction Station, providing direct services to London Euston, is approximately 1.5 miles from the property.
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Monthly repayment
£10,004 per month
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