From
£300,000
(£260.42/sq. ft)
Property for saleUnit 1A, 6 Greycaine Road, Watford WD24
1,152 sq. ft
Freehold
About this property
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
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.
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.
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.
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.
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.
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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