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Theobald St
3,768 SF Retail Unit Offered at £750,000 in Borehamwood WD6 4RJ
Investment Highlights
- 0.2 miles to Elstree & Borehamwood train station
- Close access to the M1
- Great local amenities
Executive Summary
The property is located within the Borehamwood Enterprise Centre in South Hertfordshire. Located just off Theobald Street providing the property with excellent connectivity. Borehamwood and Elstree station is a five-minute walk and the A1(M) is a short drive away. Opposite is the Borehamwood Shopping Park. Borehamwood Shopping Park is home to several nationwide brands such as M&S, Aldi, Pets at Home, Argos and Sports Direct.
Property Facts Sale Pending
| Price | £750,000 | Sale Type | Investment |
| Unit Size | 3,768 SF | Number of Floors | 2 |
| No. Units | 1 | Typical Floor Size | 10,000 SF |
| Total Building Size | 20,000 SF | Year Built | 1970 |
| Property Type | Industrial (Unit) | Parking Ratio | 1.7/1,000 SF |
| Price | £750,000 |
| Unit Size | 3,768 SF |
| No. Units | 1 |
| Total Building Size | 20,000 SF |
| Property Type | Industrial (Unit) |
| Sale Type | Investment |
| Number of Floors | 2 |
| Typical Floor Size | 10,000 SF |
| Year Built | 1970 |
| Parking Ratio | 1.7/1,000 SF |
1 Unit Available
Unit 2
| Unit Size | 3,768 SF | Sale Type | Investment |
| Price | £750,000 | Tenure | Freehold |
| Price Per SF | £199.04 | Net Initial Yield | 4.00% |
| Unit Use | Retail | NOI | £30,000 |
| Unit Size | 3,768 SF |
| Price | £750,000 |
| Price Per SF | £199.04 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 4.00% |
| NOI | £30,000 |
Description
The property is let to the excellent covenant of UK Plumbing Supplies Ltd (Company Number 02384774) on a fully repairing and insuring lease terms for 10 years commencing 1st October 2015 (circa 2 years remaining). UK Plumbing Supplies Ltd are one the UK’s largest plumbing merchants and are the owner of Graham Plumbers’ Merchant (Company Number 00066738) the current tenant. Graham’s is a trading entity of UKPS Ltd. Passing rent of £32,000 per annum (£11.90 psf). (Disregarding the mezzanine). Lease benefits from being inside the Landlord and Tenant Act 1954.
Sale Notes
We are inviting offers for our clients freehold interest £800,000 (Eight Hundred Thousand Pounds) exclusive of VAT which after usual purchasers costs would reflect a Net Initial Yield of 3.8% or Reversionary Yield of 5.7% in 2025.
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Theobald St
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