Non quoting
Retail premises for sale141 Courtlands Drive, Watford WD24
575 sq. ft
Just added
Freehold
About this property
Reversionary rent opportunity
Let to Entain plc
High footfall location
Close to Warner Bros. Leavesden Studios
Estimated Rates Payable: £6804
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.
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.
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.
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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