A rare opportunity to secure a prominent building, located just 600 feet from Elstree & Borehamwood Railway Station.
The building offers excellent asset management opportunities in addition to potential re-development, subject to all necessary consents.
Currently let to a mix of tenants, comprising 10 x HMO letting rooms, a plumbing, kitchen & bathroom store, storage area & showroom, a single-let spacious office and a dry cleaner.
The current income is approx. £128,000 per annum which we understand to be highly reversionary. Plumbco is holding over and has not had a rent review in a number of years. The second-floor B1 office space is currently sub-let by Plumbco and there may be an opportunity to separate this whilst negotiating the terms of a new lease with Plumbco.View brochure