0 Bed Light Industrial For Sale

Description
Situated at lower ground floor level totalling 4,326 sq ft (GIA) with goods loading via an 8ft wide X 10ft long 2 ton goods lift.

Location
The Paramount Industrial Estate is located on Sandown Road, North Watford, within 1½ miles of the M1 Motorway (J5). The M25 (J's 19/20/21) are all approximately 2½ miles distant and thereby to the national motorway network, Luton, Heathrow, Gatwick and Stansted Airports.

North Watford Station within a short walk connects Watford Junction (Euston 18 minutes) to St Albans. The main line station also provides fast services to Birmingham and the north plus a direct link to Gatwick Airport. Underground (Metropolitan Line) at West Watford connects to Baker Street.

Terms
The property is either available for sale as a virtual freehold held on a 250 year long leasehold interest from 3rd March 1980 expiring 2nd March 2230 (approx. 205 years remaining). The lease is subject to a ground rent reviewed every 10 years from 3rd March 2000 and is currently £990.34 per annum.

Alternatively, a new lease can be offered for a term to be agreed (minimum 12 months) at rent of £30,000 per annum exclusive of Utilities, Business Rates & Service Charge.