Thursday, 14 June 2012

Prominent Part Income Producing Office Building


12,654 sq ft (1175.55 sq m)

Suitable for owner occupation & investment

231 Shenley Road, Borehamwood, Herts.WD6 1TE

The building is prominently located at the roundabout linking Shenley Road and Elstree Way. The building is situated immediately opposite Elstree Studios and a Tesco superstore.

The A1 is 1.5 miles to the east providing access to junction 23 of the M25, which is less than 3 miles from Borehamwood.

The property is within walking distance of Elstree and Borehamwood Station, which provides frequent Thameslink services to London St Pancras International (21 minutes), Gatwick Airport (75 minutes) andLuton Airport (34 minutes).

The property forms part of a prominent office complex and is arranged as a 4 storey detached self contained building.

There is a glazed entrance lobby with stairs and lift serving all floors.

The ground and first floor are currently leased on the terms below, while the second and third floors are vacant providing largely open plan office areas. There are WC’s and kitchen facilities on each floor.

There is on site car parking to the rear of the building for up to 25 cars.

We have made a measured inspection in
accordance with the Sixth Edition of the RICS
Code of Measuring Practice and calculate the
following net internal floor areas:
Ground Floor 3,165 sq ft
First Floor 3,165 sq ft
Second Floor 3,165 sq ft
Third Floor 3,165 sq ft
Total 12,654 sq ft NIA

 Prominent location
 Walking distance of station
 25 parking spaces
 Passenger lift
 Male and female WC’s
 Kitchen facilities

Freehold subject to the following tenancies:

Ground & First Floor
Let to Ranger Services Limited at a rent of £80,000
p.a inclusive of service charge on both floors and
inclusive of rates on the ground floor. The lease is
on full repairing terms subject to a schedule of
condition on the ground floor expiring on 2
December 2012, with a mutual break option at 3
December 2013. The lease is outside the Landlord
& Tenant Act.

Offers in the region of £1,250,000 are sought for the
freehold interest.


Contact Mark Greenwood


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