Available
Borehamwood – New-Build Retail Premises
Majestic House, 16-18 Shenley Road, Borehamwood WD6 1DLVirtual Freehold New-Build Retail Investment
Price
£2,000,000
Rent P.A.
Vacant
Tenure
Leasehold
Area
5,596 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Vacant possession
- ERV: £160,000 GIY: 8.00%
- VAT is applicable to this property
- Comprises new-build triple fronted retail premises arranged over ground and lower ground floor
- Suitable for variety of uses (Class E)
- Within short walk from Elstree & Borehamwood Train station, which provides direct and regular services to London Waterloo (c. 55 min)
- Occupiers nearby include Sainsburys Local, Starbucks, Nando`s, Holland & Barrett and more.
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises new-build triple fronted retail premises arranged over ground and lower ground floor, providing the following accommodation and dimensions:
Ground Floor: 230 sq m (2,475 sq ft)
Open plan retail, storage
Lower Ground Floor: 290 sq m (3,121 sq ft)
Open plan retail, ancillary
Total NIA: 520 sq m (5,596 sq ft)
Ground Floor: 230 sq m (2,475 sq ft)
Open plan retail, storage
Lower Ground Floor: 290 sq m (3,121 sq ft)
Open plan retail, ancillary
Total NIA: 520 sq m (5,596 sq ft)
Tenancy Description
Tenure:
Long Leasehold. To be held on a new lease for a term of 999 Years from completion at a ground rent of peppercorn.
Long Leasehold. To be held on a new lease for a term of 999 Years from completion at a ground rent of peppercorn.
Location Description
Borehamwood is situated some ten miles north-west of central London, just south of the M25 (Junction 22) and between the M1 and A1. The town also enjoys regular rail services to central London. The property is situated on Shenley Road, which forms the A5378, within short walk from Elstree & Borehamwood Train station. Occupiers close by include Sainsburys Local, Starbucks, Nando`s, Holland & Barrett, Cinema and more.