7 & 8 Furzehill Parade, Shenley Road, Borehamwood, Hertfordshire, WD6 1DX
- PROPERTY TYPE
Block of Apartments
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Location & Description
A double-fronted property comprising a ground floor shop with rear access to 2 self-contained flats above.
Located within the heart of the town centre and amongst a number of multiple retailers including Ladbrokes, Nando's and Starbucks whilst also being close to the Borehamwood Shopping Park. Elstree & Borehamwood station (Thameslink) is within mile.
Accommodation
Ground Floor: 1,468 sq ft (136.3 sq m) plus toilet
Two Split-Level Flats: Not Inspected - Each 2 bedrooms (one with en-suite), living room, kitchen, bathroom/toilet
Tenancy Details
Double Ground Floor Shop: Let on a repairing and insuring lease (subject to a schedule of condition) to Rennie Grove Peace Hospice Care for 10 years from 01.04.2022 at a current rent of £46,000 p.a. Rent Reviews 2025 (outstanding) and 2030 based on RPI. Tenant's break 31.03.2027 on 6 months' notice. Provisions of Sections 24-28 of the L&T Act 1954 (security of tenure) excluded.
Flat 1, 7 Furzehill Parade: Let on a 12 month AST from 28.08.2021 (holding over) at a current rent of £1,750 pcm. The tenant has recently informed the Landlord that they are unable to pay any rent.
Flat 1, 8 Furzehill Parade: Let on a 12 month AST from 06.12.2024 at a rent of £1,750 pcm.
Note
1. In respect of the outstanding rent review, the rent is calculated to be £56,024.73 p.a. (based on RPI). The tenant has offered an increase to £50,265 p.a. with an additional one off payment of £5,850.
2. We understand the property includes 8 parking permits (4 per building) in the rear car park. Two are currently allocated to the shop and one to each flat.
3. Video tour of the flat taken prior to current letting.
Auction Surveyor: Robert Woolfe
Contact: robert.
PRODUCING £88,000 P.A. (WITH OUTSTANDING RENT REVIEW - SEE NOTE 1)
EPC Rating
Commercial = B Both Flats = C
Viewing Times
Brochures
Legal Documents- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
7 & 8 Furzehill Parade, Shenley Road, Borehamwood, Hertfordshire, WD6 1DX
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Visit our security centre to find out moreDisclaimer - Property reference 313287. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Strettons, Strettons Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Strettons, Strettons Auctions on 020 3840 3721.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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