Boots Optician, Borehamwood
171A Shenley Rd, Borehamwood WD6 1AW, UKProperty Description
- Freehold Blue-Chip Medical & Residential Investment
- Property comprises of ground floor retail unit of Ca 1,000 sq ft and 3 Bed maisonette Ca 900 sq ft arranged over first and second floors (rear access).
Location Description
- Borehamwood is an affluent surburb in North London.
- The Property is located on the main shopping parade in close proximity to Borehamwood station.
- Local ocuppiers include Tesco, Nando’s, KFC and Barnados.
Additional Notes
- The entire property is let on a full repairing and insuring lease to Boots Opticians Ltd on an overriding FRI lease expiring 29th Sept 2026 (TBO in 2021) at a current rent of £28,500.
- With the flat being unused for many years and boarded up any negotiation could include a dilapidation payment
- The ERV for the ground floor let independently is Ca £26,000 p.a. and the ERV for the flat is Ca £20,000 p.a. therefore total ERV of Ca £46,000 p.a.
Features
£500k - £1m
Blue-chip tenant
Customer car parking
Finance available
Freehold
