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Chester Rd
4,012 SF Industrial Condo Unit Offered at $1,647,822 in Borehamwood WD6 1NA
Investment Highlights
- Prominent location
- Approximately one mile away from ) Elstree and Borehamwood stations
- Parking spaces
Executive Summary
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.
Property Facts
| Price | $1,647,822 | Building Class | B |
| Unit Size | 4,012 SF | Floors | 3 |
| No. Units | 1 | Typical Floor Size | 7,953 SF |
| Total Building Size | 16,586 SF | Year Built | 2006 |
| Property Type | Flex (Condo) | Lot Size | 0.18 AC |
| Property Subtype | Light Manufacturing | Parking Ratio | 1.45/1,000 SF |
| Sale Type | Investment |
| Price | $1,647,822 |
| Unit Size | 4,012 SF |
| No. Units | 1 |
| Total Building Size | 16,586 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Light Manufacturing |
| Sale Type | Investment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 7,953 SF |
| Year Built | 2006 |
| Lot Size | 0.18 AC |
| Parking Ratio | 1.45/1,000 SF |
1 Unit Available
Unit 6
| Unit Size | 4,012 SF | Sale Type | Investment |
| Price | $1,647,822 | Tenure | Freehold |
| Price Per SF | $410.72 | No. Parking Spaces | 6 |
| Condo Use | Industrial |
| Unit Size | 4,012 SF |
| Price | $1,647,822 |
| Price Per SF | $410.72 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Parking Spaces | 6 |
Description
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
Sale Notes
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.
Amenities
- Raised Floor
- Accent Lighting
- Automatic Blinds
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Heating
Presented by
Chester Rd
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