Income Producing Modern Business Unit For Sale
Summary
- Modern unit finished to an exceptional standard
- Ground floor warehousing
- First floor air conditioned offices
- 6 car parking spaces
- Rent Review due June 2025
- Highly reversionary rental income
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Ground | 2,022 | 187.85 |
| 1st - Office | 1,990 | 184.88 |
| Total | 4,012 | 372.73 |
Location
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.
Get directions from Google Maps
Mainline Stations
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Elstree and Borehamwood19 mins
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Mill Hill Broadway60 mins
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Radlett61 mins
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Hadley Wood69 mins
Underground Station
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Elstree and Borehamwood19 mins
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High Barnet53 mins
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Edgware60 mins
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Mill Hill Broadway60 mins
Further Information
Price £1,300,000
Rates Payable £310,801 per annum Estimated rate 2025/2026
Service Charge n/a
EPC Rating This property has been graded as D (89)
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.
Viewings
Strictly by appointment via sole agent.
Terms
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 (£13.70 per sq ft) and is due for review in June 2025. Recent lettings of similar properties in Borehamwood have achieved rents of £19.00 to £23.50 per sq ft which makes this a highly reversionary investment opportunity.
Please contact us for further information.
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