Industrial Ground Rent, Rickmansworth, Greater London

Property Description

• Freehold Multi let Industrial Estate Investment in Greater London.
• Large plot, total site area extending to 4.88 Hectares (12.06 Acres).
• The estate contains 10 mostly detached light industrial units of varying vintage and of single storey construction built in the 1940s with later additions.
• There are four mobile homes let on a licence basis and wooded area of approximately 1.7acres to the North West plus a further wooded area of 2.3 acres to the south.
• To the east of the main site there is an open field totalling approximately 2.75 acres.

Location Description

• The properties are located on a small industrial estate situated off Harefield Road on the southern side of Rickmansworth in a semi-rural area.
• Watford Town Centre is located approximately 3 miles to the north east of the estate. Access to the M25 is via Junction 17 through the southern outskirts of Rickmansworth and Maple Cross.
• The estate is situated in a semi-rural area and surrounding properties are either open fields or low density residential housing.

Tenancy & Additional Notes

• Reversion of 4 Industrial Long leaseholds in June 2057 (36 Years unexpired).
• Reversion of 6 Industrial Long leaseholds in March 2103 (82 Years unexpired).
• Secure and highly reversionary income of £ 48,335.
• Potential for Lease regears to enhance income.
• Potential for acquisition of subsidiary interests.