Summary - UNIT 1A, 6, GREYCAINE ROAD WD24 7GP
1 bed 1 bath Commercial Property
Income-producing 1,152 sq ft commercial unit with long virtual freehold and good transport links.
Virtual freehold with 992 years remaining
An investment-focused ground-floor commercial unit offered with a virtual freehold (992 years). The property is sold with a 10-year full repairing and insuring underlease back to Nairobi Coffee & Tea Company Limited, producing an initial rent of £20,000 pax plus VAT. The lease includes an open market rent review at year 5 and a tenant option to determine at that point (six months’ notice).
The unit occupies 1,152 sq ft within a mid-20th century mixed commercial block on Greycaine Road, North Watford. It benefits from good transport links (near North Watford station, quick access to M1 and M25), fast broadband and excellent mobile signal — practical for a range of occupiers from light industrial to office or showroom use. A surfaced forecourt provides small-to-average customer/tenant parking.
Material considerations: VAT is payable on the purchase price. The leaseback structure limits vacant possession and includes a tenant break option at year 5, which may affect future income certainty. Internal condition cannot be confirmed from the available information and the building sits directly onto the public highway with no private outdoor space. Crime in the area is reported as above average.
This lot is best suited to investors seeking immediate rental income from a multi-let industrial/office estate, buyers looking for a long virtual freehold interest, or those willing to take on a mid-market commercial asset with potential for reversion at the mid-lease review.
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