To Let or Lease for Sale
PROMINENT CORNER RETAIL PREMISES WITH A1/A3/A5 USE
Available
Shenley Road, Borehamwood, Herts WD6
(Reference No. 024251)
800 SQ FT (74.32 SQ M)
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Location:
Situated in a prominent position at the junction of Shenley Road and Cardinal Avenue. The property is located opposite Greggs, Iceland and Savers. The premises are served by a service road to the front offering free short-term parking.

Description:
Ground floor A1/A3 or A5 premises with storage/ancillary areas plus a kitchen and W.C. The premises benefits from consent for external seating on the Cardinal Avenue frontage.

Lease:
Option 1
Available on an existing FRI lease expiring March 2029 at £16,000 pa exclusive rising to £18,000 pa exclusive in March 2021 (fixed uplift) and 5 yearly rent reviews thereafter.

Option 2
Alternatively available on a sub-lease for a term concurrent with the head lease at a commencing rent of £40,000 pa, fixed until the lease expiry. On this basis the premium payable will be nominal.

Terms:
Offers are invited for the benefit of the residual lease, the right to renew the lease, the low passing rent and the valuable A1/A3/A5 planning consents.

Subject to Contract
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Claridges Commercial
Tel: 020 8559 1122  
Email:
contact@claridges-commercial.co.uk