Investment sale via a lease back to a company established since 1945.
Summary
- Virtual Freehold (992 years remaining)
- VAT Applicable
- Use Class E
- Ground Floor Premises
- Income via a lease back to Nairobi Coffee & Tea Company Limited (The) - Company number: 00399998
Location
Situated in North Watford on Greycaine Road with good access to Junction 5 of the M1 Motorway, the A41 and Junctions 19, 20 and 21 of the M25.
Railway access is available at North Watford Station a short walk away. This provides a connection between Watford Junction (from there to Euston in 18 minutes) and St Albans.
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Mainline Stations
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Watford North2 mins
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Garston (Hertfordshire)14 mins
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Watford Junction19 mins
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Watford High Street32 mins
Underground Station
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Watford Junction19 mins
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Watford High Street32 mins
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Watford35 mins
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Bushey42 mins
Further Information
Price Offers from £300,000
Rates Payable Upon Enquiry
Service Charge n/a
EPC Rating This property has been graded as E (110)
Description
This ground floor premises is being sold as an investment via a lease back.
The property is available via a virtual freehold with 992 years remaining.
VAT is applicable on the purchase price.
Terms
Subject to a new effective full repairing and insuring underlease to Nairobi Coffee & Tea Company Limited (The) - Company number: 00399998.
The underlease for a term of 10 years subject to an open market rent review at the 5th year at an initial rent of £20,000 pax + VAT.
The lease will be subject to a tenant option to determine at the 5th year upon 6 months prior notice.
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