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Agent's details

Strong-Yielding Mixed-Use Investment Opportunity in Borehamwood, WD6

For sale: £2,800,000.00|Retail, Mixed use, Flat, General Retail, Retail - High Street, Leisure Property, Land, Other Property Types & Opportunities, Residential, Licensed & Leisure, Commercial Land

Property details

FOR SALE£2,800,000.00
ADDRESS16, 18, 20 & 22 Theobald Street, Borehamwood, Hertfordshire, WD6 4SE
TYPERetail, Mixed use, Flat, General Retail, Retail - High Street, Leisure Property, Land, Other Property Types & Opportunities, Residential, Licensed & Leisure, Commercial Land
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON25th November 2022

Description

> Strong-yielding mixed-use freehold building offered for sale
> The property is located in the heart of Borehamwood, just 500 feet from Elstree & Borehamwood Railway Station with trains travelling into Kings Cross in 25 minutes
> A unique freehold building comprising 4 x retail units on the ground floor, 6 x newly converted 1-bed apartments and 10 x self-contained HMO units on the first/second floor
> 75% of the commercial space is let to Plumbco UK Limited with the remaining unit being let to EWA Babenczuk trading as Lost Sock Dry Cleaners
> The building is fully-let
> Total current income of £219,902 per annum (Residential: £176,403 & Commercial: £43,500)
> The HMO units are split into two sections (1 x 4-room & 1 x 6-room) - the 6-room HMO benefits from an HMO license and it is our understanding that the 4-room HMO does not require a license
> There is an undercroft providing pedestrian & vehicular access to the rear including off-street parking

Further information is available at www.glpg.co.uk/properties/theobaldstreet/ - data room access code: BOREHAMWOOD (case sensitive)

The property is for sale at the forthcoming Allsop Auction on 15th December 2022 (Lot No. 53), unless sold prior, at a Guide Price of £2,800,000+ subject to contract.

Based on the guide price, a purchase at this level would reflect a NIY of 7.37% after allowing for purchaser costs of 6.5%.

Further information can also be found via the Allsop online catalogue (Lot No. 53).

If you have any questions or if you would like to arrange an inspection, please contact:

> Dean Leslie (dean.leslie@glpg.co.uk / 07446 918 939 / 0203 196 2416)
> Max Appleby (max.appleby@glpg.co.uk / 07760 108 640 / 0203 196 2414)

Alternatively please contact a member of the GLPG team on 020 3640 6420 / team@glpg.co.uk.

Location

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Location: 16, 18, 20 & 22 Theobald Street, Borehamwood, Hertfordshire, WD6 4SE

Stanmore (2.7 miles)

Edgware (2.9 miles)

Canons Park (3.4 miles)

Elstree & Borehamwood (0.2 miles)

Elstree & Borahmwood (0.2 miles)

Radlett (2.6 miles)

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