Available
4,326 Sq Ft
£350,000
  • Ref: 108721
  • Type: Industrial
  • Availability: Available
  • Business Rates: £5,988 per annum
  • Service Charge: £2,500 per annum
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Property Summary

Basement industrial / storage for sale either with vacant possession or as an ongoing engineering company specialising in electroplating.

Full Details

The property is located at basement level totalling 4,326 ft² and arranged into an open plan workshop accessed by way of 2 stairwells and loading via a Goods Lifts (2 tonne).

The property is available with vacant possession alternatively as it is currently operating as a profitable electroplating workshop, a purchaser can take on this business if required (further details on application).

Location
Located on the Paramount Industrial Estate in Sandown Road, North Watford, within 1½ miles of the M1 Motorway (Junction 5). The M25 (Junctions 19/20/21) are all approximately 2½ miles distant and thereby to the national motorway network, Luton, Heathrow, Gatwick and Stansted Airports.

North Watford Station is within a short walk and this connects Watford Junction (Euston 18 minutes) to St Albans. The main line station also provides fast services to Birmingham and the north and a direct link to Gatwick Airport. Underground (Metropolitan Line) at West Watford connects to Baker Street.

Terms
The property is for sale as a virtual freehold. Held on a long leasehold interest for a term of 250 years from 3rd March 1980 expiring 2nd March 2230 (208 years remaining).

The lease is subject to a ground rent that is reviewed every 10 years from 3rd March 2000 and is currently £990.34 per annum.