6 Greycaine Rd 1,152 SF Office Condo Unit Offered at $401,391 in Watford WD24 7GP
INVESTMENT HIGHLIGHTS
- Established and popular commercial location
- Grassed area that could be improved for car parking
- Walking distance to Watford North Station
EXECUTIVE SUMMARY
Situated on Greycaine Road, an established and popular commercial location approx. one mile from Junction 5 of the M1 Motorway and 0.4 miles from the A41. It is therefore well located for the national road network with good access to the M25 Motorway (J19 and J20). Rail communications are available within easy walking distance at Watford North Station which links to Watford Junction Station (London Euston 16 minutes) and St Albans. Both stations are close to the property, being 0.2 miles and 1.3 miles respectively.
PROPERTY FACTS
| Price | $401,391 |
| Unit Size | 1,152 SF |
| No. Units | 1 |
| Total Building Size | 54,000 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Sale Type | Investment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 4,500 SF |
| Year Built | 1970 |
| Lot Size | 0.41 AC |
AMENITIES
- Energy Performance Rating - C
- Energy Performance Rating - E
- Automatic Blinds
- Storage Space
- Demised WC facilities
UTILITIES
- Lighting
- Gas
1 UNIT AVAILABLE
Unit 1A
| Unit Size | 1,152 SF |
| Price | $401,391 |
| Price Per SF | $348.43 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
Self-contained Office / Business space located on the ground floor of a 3-storey building amounting to 1,152 Ft².
The accommodation is arranged into private office rooms, kitchen and WC. To the front of the property there is a grassed area that could be improved for car parking (in accordance with the balance of the building).
SALE NOTES
The property is offered as an investment sale of the virtual freehold.
It is held on a ground lease with approx. 992 years remaining (at a peppercorn ground rent) subject to a new effective full repairing and insuring underlease to Nairobi Coffee & Tea Company Limited (The) - Company number: 00399998.
The underlease being for a term of 10 years subject to an open market rent review at the 5th year at a rent of £20,000 per annum exclusive plus VAT. The lease will also be subject to a tenant option to determine at the 5th year upon 6 months prior notice.
