Available
Watford – Car Service Garage
Unit 9 Mowat Industrial Estate, Sandown Road, Watford WD24 7UYFreehold Light Industrial Investment
Price
£450,000
Rent P.A.
£24,000
Yield
5.33%
Tenure
Freehold
Lease Term
18 Years
Years Left on Lease
3y 7m
Area
2,734 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises mid-terrace light industrial unit t/a vehicle repair workshop
- Let until 2028. No breaks. Rent review in July 2025 open market upward only
- Situated in Mowat Industrial Estate, within short walk from Watford North Train Station and occupiers nearby including McDonalds, Tesco Express and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises light industrial unit t/a vehicle repair workshop, providing the following accommodation and dimensions:
Ground Floor Workshop: 120 sq m (1,292 sq ft)
First Floor Office: 67 sq m (721 sq ft)
First Floor Store: 38 sq m (409 sq ft)
Second Floor Store: 29 sq m (312 sq ft)
Total area size: 254 sq m (2,734 sq ft)
Ground Floor Workshop: 120 sq m (1,292 sq ft)
First Floor Office: 67 sq m (721 sq ft)
First Floor Store: 38 sq m (409 sq ft)
Second Floor Store: 29 sq m (312 sq ft)
Total area size: 254 sq m (2,734 sq ft)
Tenancy Description
The property is at present let to Cousins Garage Ltd (with personal guarantee) for a term of 18 years from 12th July 2010 at a current rent of £24,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 12.07.25 open market upward only. No breaks.
Tenancies & Accommodation
Location Description
Mowat Industrial Estate is well located within a short distance of St Albans Road, the A41 North Western Avenue, the A4008 Stephenson Way and Junction 5 of the M1. Sandown Road runs broadly parallel with St Albans Road and links Bushey Mill Lane with Balmoral Road, close to the latter’s junction with St Albans Road. Access to the national motorway network is excellent with Junction 5 of the M1 approximately one mile away and Junction 19 and 20 of the M25, less than a 10-minute drive. The property is situated within short walk from Watford North Train Station and occupiers nearby including McDonalds, Tesco Express and more.
