The subject property is located in the heart of Borehamwood at the western end and on the northern side of Shenley Road less than 100m to the east of the junction of Station Road, Theobald Street and Allum Lane.
The area provides a good range of bars, restaurants, leisure, shopping and entertainment facilities. The subject property is only 200m to the west of the pedestrian entrance to the recently refurbished Borehamwood Shopping Park and its c.200,000 sq.ft of retailing, leisure space and 514 car parking spaces. Current occupiers include M&S Simply Food, Aldi, Boots, Poundland, Costa Coffee, Anytime Fitness, Lidl, Sports Direct, Argos, Pets at Home and Next.
Transport communications are excellent. Elstree and Borehamwood Railway Station is only 165m to the south-west of the property, which provides direct and regular services to London St. Pancras International Rail Station (c.23 minutes journey time) and Luton Airport Parkway Rail Station (c.23 minutes journey time). The A1 / Barnet Way is 2.0 km to the east, which provides easy connections to M25 in the north and the M1 to the south.
Gross internal area 886.20 sq.m. / 9538 sq.ft.)
The property comprises a prominent three-storey building mixed use commercial building with a gross internal area of 886.2 sq.m (9,539 sq.ft) and generous rear parking area, accessed via a right of way (coloured orange on the plan) from Glenhaven Avenue.
The building provides restaurant and events venue space at ground floor level, and office accommodation at first and second floors. The building features comfort cooling and the windows to the offices are double glazed.
The property is suitable for a number of alternative planning uses including the conversion of the upper parts to residential use, subject to obtaining the necessary consents.
The entire property is to be sold with the benefit of vacant possession.
Freehold for sale with vacant possession The property is elected for VAT.
Rateable value: £171,000
Estimated Rates Payable: £84,303 per annum
Service charge: n/a
Local authority: Hertsmere Borough Council