Woodcock Hill Industrial Estate, Harefield Road, Rickmansworth

Industrial Investment, Investment / Development | £1,250,000 (Offers in the region of) | To Buy

Location

The properties are located on a small industrial estate situated off Harefield Road on the southern side of Rickmansworth in a semi-rural area.

Watford Town Centre is located approximately 3 miles to the north east of the estate. Access to the M25 is via Junction 17 through the southern outskirts of Rickmansworth and Maple Cross

Description

The estate contains 10 mostly detached light industrial units of varying vintage and of single storey construction built in the 1940s with later additions.

There are four mobile homes let on a licence basis and wooded area of approximately 1.7 acres to the North West plus a further wooded area of 2.3 acres to the south. To the east of the main site there is an open field totalling approximately 2.75 acres.

The overall site area of the entire property is 12.06 acres (4.88 hectares).

INVESTMENT SUMMARY

An opportunity to acquire a Post-war light industrial estate comprising 10 light industrial units let on long leaseholds with associated parking, circulation areas and ancillary land and four mobile homes let on a licence basis

Total Industrial area (excluding mezzanines) of 55,213 sq.ft on a gross internal basis

Potential for Lease regears to enhance income

Potential for acquisition of subsidiary interests

Overall site area of 12.06 acres (4.88 hectares)

3.01 acre site in in industrial use

Reversion of 4 Industrial Long leaseholds in June 2057 (36 Years unexpired)

Reversion of 6 Industrial Long leaseholds in March 2103 (82 Years unexpired)

Secure and highly reversionary income of £48,335

Low capital Value of £22.64 per sq.ft

PROPOSAL

We are instructed to seek offers in excess of £1,250,000 (One million, two hundred and fifty thousand pounds) Subject to Contract and exclusive of VAT. A purchase at this level reflects an initial yield of 3.64% after allowing for normal costs of purchase. and a low capital value of £22.34 per sq ft. (disregarding non commercial floor space but before costs of purchase).

Property Details

Address

Woodcock Hill Industrial Estate
Harefield Road
Rickmansworth
WD3 1PQ

Location

Rickmansworth

Postcode

WD3 1PQ

Size

12.06 Acres

Type

Industrial Investment
Investment / Development

Status

To Buy
£1,250,000 (Offers in the region of)

Tenure

Freehold

Reference

27556

Agents

Peter Brown

01923 205521

Tim Howlings

01923 205524

Register Interest

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