West Hyde, Rickmansworth, WD3 Freehold For Sale £500,000


Location: Old Uxbridge Road, West Hyde, Rickmansworth, WD3
Type: Industrial
Tenure: Freehold
Size: 650.32 SqM | 7,000.00 SqFt
Status: Freehold For Sale

The yard is situated on the eastern side of the Old Uxbridge Road, West Hyde to the north of Denham Village and to the south of Chorleywood.  There is ready access to both the

The property comprises a site of open yardage extending to approximately 7,000 sq ft (650 sq m) together with a workshop building of 1,878 sq ft (177.56 sq m) currently utilised by Motor Masters Vehicle Repairs and MOT centre.

There is a current lease in favour of the partners of Motor Masters dated 12th February 2012 granted for a term of years expiring on 12th February 2037.

The current rent of £18,360 per annum exclusive took effect as at 12th February 2017 with provision for same to be reviewed on an upward only basis on a 5 yearly cycle computed from 11th February 2017.  The passing rent is considered to be highly reversionary and a market rental value would be more fairly reflected by a figure within the range of £29,500 to £32,500 per annum exclusive.  A full repairing and insuring liability is placed upon the tenants.

Price:  Offers in the region of £500,000 are invited for this valuable commercial investment on an unconditional basis.  The price excludes VAT as appropriate.

Each party to pay their own legal costs.

 

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