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investment opportunity
potential
high yielding industrial investment
126
ridge road - letchworth garden city - hertfordshire
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| Location: |
Ridge
Road is a main road forming part of the main Pixmore
estate the principle industrial area of Letchworth.
Letchworth,
the original Garden City, was developed in the early
part of the 20th century and is now a proposerous
town with excellent road and rail connections.
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| Description: |
Two
units forming a small estate of single storey construction
with pitched top lit roofs.
Unit
1 is approximately 3,500 sq ft with main road frontage
operates as a hand car wash. Parking and loading is
on a forecourt.
Unit
2 is approximately 4,500 sq ft served by a large yard
and is currently vacant.
Site
area
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| Income: |
Unit
1 is let for a term of 25 years from March 2005 with
five yearly rent reviews at a rent of £25,000
pax.
The
tenants are Messrs Tanna & Krasniqui who operate
a further 9 similar centres throughout the northern
Home Counties.
We
believe the conservative erv of unit 2 to be £22,500.
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| Tenure
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999
years lease from 1909 granted by Letchworth Garden City
Trust with reviews every 100 years (2009) to the value
of the land only. Current rent £5 pa.
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| Price: |
£475,000
for the long leasehold interest. |
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| Viewing: |
By
arrangement through sole agent: Pater Goodman Merriman
- Andy Pater |
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| These details are issued on
the strict understanding that they do not form part of any contract, that
no warranty is given or implied as to the accuracy of any information given
herein or otherwise in the property or any services none of which have been
tested. Any intending party must rely on their own inspection and enquiries.
All negotiations must be conducted through Pater Goodman
Merriman |
| grant
house, 56/60 st john street, london EC1M 4HG, t 020
7253 2525, f 020 7253 1515 |
