Block of apartments for sale

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Block of apartments for sale

7 & 8 Furzehill Parade, Shenley Road, Borehamwood, Hertfordshire, WD6 1DX
£1,100,000

Our Summary

  • ** For sale by public auction on 23rd October at 12:00 ** Location & Description A double-fronted property comprising a ground floor shop with rear access to 2 self-contained flats above
  • Auction Surveyor: Robert Woolfe Contact: robert

Description

This double-fronted property is located in the heart of the town centre, surrounded by multiple retailers and close to Elstree & Borehamwood station. The ground floor shop, currently let to Rennie Grove Peace Hospice Care, has a repairing and insuring lease with a current rent of £46,000 per annum. The two self-contained flats above, each with two bedrooms, living room, kitchen, and bathroom, are let on 12-month ASTs. The property includes 8 parking permits, and the EPC rating is TBC for the commercial space and C for both flats. The property is being sold by public auction on October 23rd and is expected to produce £88,000 per annum, with an outstanding rent review.