Natwest House, 225 Shenley Road, Borehamwood, Hertfordshire WD6 1TE

91 x income producing studio apartments in the heart of Borehamwood

Key Information

Location

Borehamwood, Hertfordshire WD6

Planning Status

Developed

Price

£17,500,000

Description

Investment Opportunity

Data Room

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Overview

Natwest House is a four-storey (including a lower-ground floor), residential building, comprising a mix of 91 x studio apartments with a total gross internal area of approximately 27,233 square feet / 2,530 square metres.

All apartments within the building are let on AST’s (assured shorthold tenancies) producing a gross annual income of approximately £960,168.

All AST’s were agreed as 1-year from their respective start dates, and have been extended for a further 1-year, where at least 1-year has passed since the original start date.

Permitted development works to convert the building into residential were completed in 2018.

Offers are sought for the freehold interest on an unconditional basis.

Viewings by appointment only – please contact a member of our team to arrange an inspection.

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Investment Summary

  • 91 x studio apartments, producing a gross income of £960,168 per annum
  • Located just 0.6 miles from Elstree & Borehamwood Station, with trains travelling into London St Pancras International in under 25 minutes
  • GIA Approx: 27,232 square feet / 2,530 square metres
  • Permitted development works converting the building from B1(a) office to C3 residential were completed in 2018 and the building is now fully-let
  • The building includes a car park with approx. 100 parking spaces
  • Development potential to add additional storeys to the existing building, subject to obtaining all necessary consents
  • Located within walking distance to local amenities
  • Viewings by appointment only

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