Investment opportunity let to Entain PLC....
Summary
- Reversionary rent opportunity
- Let to Entain PLC
- High football location
- Close to Warner Bros. Leavesden Studios
Location
The building is located on a secondary parade of shops which offer a convenience store, hot food takeaway, pharmacy and other food outlets. Courtlands Drive is located in amongst a large residential area which borders Warners Bros Leavesden Studios, which result in it being a high footfall area from residents and employees. It is approximately a 5 minute drive from the M25 and is a very short drive from the A41 which can lead to the M1. The closest train station is Watford Junction near Watford Town Centre which is approximately a 10 minute from this area.
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Mainline Stations
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Watford North25 mins
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Garston (Hertfordshire)30 mins
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Watford Junction32 mins
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Kings Langley35 mins
Underground Station
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Watford Junction31 mins
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Watford34 mins
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Watford High Street46 mins
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Croxley52 mins
Further Information
Rates Payable £6,804 per annum
Service Charge n/a
Estate Charge n/a
EPC Rating This property has been set as EPC exempt.
Reason: EPC has been commissioned, will be available in less than 28 days
Description
A retail unit currently occupied by Coral Bookmakers (Entain Group). The unit offers an open plan retail space, disabled W/C, kitchenette and staff W/C. There is also rear access which leads to a small enclosed area with parking for staff. The lease with Entain has expired and they are currently holding over, paying a rent of £12,000 per annum exclusive. This is below market value and from conversations with our client we understand Entain wish to renew the lease, subject to agreeing terms. The freehold to the building includes a self-contained flat above the retail unit, which is currently occupied under a long lease. No ground rent is charged.
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