Industrial / Warehouse
Freehold / Leasehold
5,640 Ft² (524 M²) GIA
Located on the Paramount Estate in North Watford comprising a total area of 5,640 ft² situated in the basement with the benefit of 4.2m clear eaves height, 1 Ton Goods Lift, Fluorescent lighting, WC facilities and on site Caretaker.
Originally open plan the unit has been divided up into a number of storage rooms and approx. 2,227 ft² has been let (producing £9,024 per annum until September 2022) leaving the balance of 3,413 ft² available either for occupation or to let out as an investment
The property is for sale as a virtual freehold (it is held on a long leasehold interest for a term of 250 years from 3rd March 1980 expiring 2nd March 2230. The lease is subject to a ground rent that is reviewed every 10 years from 3rd March 2000 and is currently £1,069.57 per annum).