Auction House London

Lot 12

 

48-50 Shenley Road & 1 Drayton Road

Borehamwood, Hertfordshire, WD6 1DS

£1,600,000+

Guide Price

A Substantial Redevelopment Opportunity Occupying a Large Corner Plot on a Primary Shopping Parade in the Town Centre with a Garage Block and Rear Car Park. Potential for Further Development (subject to obtaining all necessary consents).

Description

Location

The property occupies a prominent corner position in the heart of Borehamwood town centre amongst the numerous shops and restaurants of Shenley Road and directly opposite Borehamwood Shopping Park. Numerous multiples are in occupation on the road. The open spaces of Maxwell Park are within close proximity. Transport links are provided by Elstree & Borehamwood rail station which is just a short walk away and the M1 motorway (J4) is easily accessible.

VAT

VAT is not applicable

Tenure (2nd Column)

Freehold

Description (2nd Column)

The property comprises three adjoining mid terrace buildings arranged to provide two shops and an office to the ground floor and a poker club, former gym/snooker hall to the first floor. Externally there is a block of 6 garages and a rear car park.

Note (3rd Column)

Subject to obtaining all relevant consent, there is potential to redevelop and extend elements of the properties to provide up to 15 residential units. Furthermore the garages could also be redeveloped to provide residential accommodation. Proposed drawings are available for inspection.

Viewing Details

Thursday 2nd July 10:00-10:30
Tuesday 7th July 10:00-10:30
Thursday 9th July 10:00-10:30
Tuesday 14th July 10:00-10:30
Thursday 16th July 10:00-10:30
Tuesday 21st July 10:00-10:30

Accommodation & Tenancy Schedule

Property Floor Accommodation Lessee Lease Terms Current
Annual Rent
Notes
48 Shenley Road Ground Shop Area Samantha Morris t/a Hair & Beauty Salon 3 year FRI lease from 22.11.12 to 31.10.15 £12,500
50 Shenley Road & 1/1A Drayton Road First Bar Area Daniel hodes & James Johnson t/a The 77 Club Ltd Tenancy at Will from 1.9.13 at a rent of £1,000 pcm £12,000
1A Drayton Road Ground Shop Area Lloyd Chapper t/a The Smoke Shop FRI lease from 19.11.14 to 14.10.15 £4,000
1 Drayton Road Ground Offices, Adjoining Warehouse, 6 Garages & Rear Car Park UK Room (London) Ltd 5 Year FRI Lease from 25.3.15 £25,000 Tenant is happy to vacate the offices with 6 month's notice.
1 Drayton Road First Former Snooker Hall Vacant

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007

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Enquire about 48-50 Shenley Road & 1 Drayton Road, Borehamwood, Hertfordshire, WD6 1DS

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