High Road, Bushey Heath, Hertfordshire WD23
Size
13,939.2
Tenure
Freehold
EPC
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Parking
26
- Primary use
- Traditional office
- Other use(s)
- Commercial development, Residential development
- Capacity
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- Desks
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No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Parking
- Transport links
- Well connected
Key features
- Freehold investment (ground floor retail to be retained) extending to 6,892ft2 (NIA) over 2-storeys with rear car park situated on a site of 0.32 acres.
- Offices are fully let producing £114,275pa to multiple tenants.
- Potential for conversion to residential of the existing building with planning permission for creation of new windows to facilitate future redevelopment.
- Further potential to redevelop the rear car park subject to planning permission.
- Offers invited in excess of £950,000 for the freehold interest which reflects 11.3% NIY and a Low Capital Value £142psf subject to the seller retaining the ground floor retail units on new 999 year le
Description
THE EXISTING PROPERTY COMPRISES A MIXED-USE FREEHOLD INVESTMENT CONSISTING OF 3 X RETAIL UNITS AT GROUND FLOOR LEVEL WHICH ARE TO BE RETAINED BY THE SELLER AND 2 X FLOORS OF OFFICES ABOVE. THE FIRST AND SECOND FLOOR OFFICES EXTEND TO APPROXIMATELY 6,892FT2 (NIA) AND ARE LET TO A VARIETY OF TENANTS, EACH FLOOR BENEFITS FROM WC FACILITIES WITH THE BUILDING ALSO BENEFITING FROM 2 X STAIR CORES.
To the rear of the property comprises car parking for the offices with 5 spaces adjoining the building and 21 spaces located opposite in a separate car park, both of which are accessed via California Lane.
The retail units which the vendor is retaining also benefit from parking which is accessed via a self-contained undercroft parking area located beneath the property which will also be retained by the vendor for retail sub-tenants car parking. Within this parking area there is also a plant / CCTV cupboard room as well as storage rooms.
The property is not listed and not located within a conservation nor is it subject to an article 4 direction.
The property offers potential for change of use and conversion by way of permitted development. A feasibility study has been produced which shows potential for up to 10 residential flats within the existing footprint of the first and second floor offices.
In order to facilitate future conversion, planning permission was granted on 10th July 2023 (reference: 23/0637/FUL) for the insertion of new windows to the south-eastern side elevation and south-western rear elevation and the removal of existing air-conditioning units from the rear elevations in readiness for future development.
The property also offers potential for an additional floor on the roof STPP.
- Service charge
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- Business rates
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- Use class
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- Listed building
- No
- Floors in building
- 2
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
High Road, Bushey Heath, Hertfordshire WD23
About Kingsbury, London
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Disclaimer - Property reference Bushey. 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 Kingsbury, London. 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.