Corner Of Bushey Mill Lane/Greycaine Road, Watford, Hertfordshire, WD24Prominent Site - For Sale for sale

£850,000
Under Offer
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Main Features

  • Site of Approximately 7,000 sq ft/ 0.16 acres
  • Currently Let on flexible lease terms, producing £40,000 per annum exclusive.
  • Currently used for car sales

About this property

Prominent Site For Sale with an average depth of some 57ft and an average width of some 122ft, giving a site area of approximately 7,000 sq ft/ 0.16 acres. Currently Let and producing a rental income of £40,000 per annum exclusive. The current 5 year lease commenced from October 2019 and expires in September 2024 with a mutual break option throughout the remainder of the term upon 6 month written notice. We understand the site previously had planning permission granted to erect two light industrial/warehouse units totalling approximately 2,000 sq ft.

Location

The site is well located on the corner of Bushey Mill Lane and Greycaine Road in North Watford. In close proximity of Junction 5 of the M1 and thereby the M25 motorway, and the whole South East motorway network.
North Watford Railway Station is almost adjacent to the site giving access to Watford Junction Station and St Albans.
There are also Bus services on Bushey Mill Lane.

Price

£850,000 for the Freehold interest

Legal Costs

Each party to be responsible for their own legal costs.

Viewing

By appointment only please through:

VAT

We understand that VAT is not currently payable on the purchase price.

Map

Branch

Perry Holt

01923 239080

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Opening hours

  • Monday09:00 - 18:00
  • Tuesday09:00 - 18:00
  • Wednesday09:00 - 18:00
  • Thursday09:00 - 18:00
  • Friday09:00 - 18:00
  • Saturday -
  • Sunday -

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