About this property
Mixed use investment
DESCRIPTION
This is a fantastic opportunity to acquire an income producing mixed use building, situated on High Road, Bushey Heath. Briefly, the building offers a ground floor shop fronting the High Road, let to a Beauty & Spa Salon at £18,000 pax, four studio apartments let on AST’s with a combined annual income of £41,352 and two vacant office suites to the rear. Our client has recently obtained planning permission (ref. 23/0887/FUL Hertsmere Borough Council) for the extension of the ground, first and second floors with alterations to fenestration. These changes will enhance the layout to the lower ground floor office and the living accommodation of the two rear flats. Within the demise of the building is also parking for 3 cars and rear or side access to get to it.
PRICE
Offers in excess of £950,000 for the Freehold interest
VAT
We understand that VAT is not currently payable on the purchase price.
LEGAL COSTS
Each party to be responsible for their own legal costs.
LOCATION
Fronting Bushey High Road the A4140 midway between Stanmore and Watford. Convenient access to the A41 and M1 motorway. Served by Nos 142 and 258 busses and within reasonable reach of Bushey and Oxhey Railway Station within some 2.3 miles, with connections to Watford, Harrow and Central London.
