Unit 1A

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Summary

Industrial Investment For Sale Freehold (No VAT)

Description

Comprising a single-storey semi-detached light industrial/warehouse unit arranged into two bays with part steel framed north-lit roof and rear loading. Two storey offices front the unit.

Location

Shakespeare Industrial Estate is accessed via either Shakespeare Street or Acme Road directly off Leavesden Road, approx. 1½ miles north of the Town Centre.

The property is located facing onto Shakespeare Street. Road communications are excellent, with both M1 (Junction 5) and M25 (Junctions 19 and 20) Motorways being a short driving distance and thereby to the National Motorway network, Luton, Stansted, Heathrow and Gatwick Airports.

Watford Junction Railway Station is approx. 1.5 miles connecting to Euston (18 minutes), Birmingham and the North with direct links to St Albans and Gatwick Airport.

Terms

For sale freehold subject to a lease back to The Nairobi Coffee & Tea Company Ltd for a term of 10 years at a commencing rent of £75,000 per annum exclusive (no VAT). The lease will be subject to an open market rent review and tenant option to determine at the 5th year (the break being subject to 6 months prior notice).