Lot 1 - Unit 2 Langley Wharf, Railway Terrace, Kings Langley, Hertfordshire, WD4 8JE
- Unconditional Online Auction Sale
- Guide Price* : £850,000
- Bedrooms: 0
High-Spec 5,542 Sq Ft Freehold Office with Parking
Description
A freehold commercial office building extending to approximately 5,542 sq ft, offering an excellent opportunity for an owner-occupier or investor.
The property has recently undergone a high-specification refurbishment and benefits from a range of modern facilities, including a gym and relaxation room, brand-new kitchen and upgraded bathrooms.
The property also benefits from dedicated parking spaces directly outside the unit, providing valuable convenience for staff, visitors and potential occupiers.
For an investor, the property offers the potential to generate an estimated rental income of approximately £8,000 - £10,000 per month totalling £96,000–£120,000 per annum, subject to letting and market conditions.
The combination of freehold ownership, substantial floor area, modern specification, parking at the front and back of the building, and potential rental income makes this an attractive opportunity for both owner-occupiers and commercial investors.
Tenure
Freehold
Accommodation
Separate office
Open plan office
Meeting room
Staff room
Kitchen
Bathrooms
Gym
Relaxation room
Parking to the front and back
Location
The warehouse is situated on Langley Wharf, a private commercial estate accessed from Railway Terrace in Kings Langley, with access conveniently located adjacent to the railway bridge.
The estate is approximately 1 mile from Kings Langley village centre and around 1.5 miles from Kings Langley mainline railway station, which provides regular services to London Euston and Milton Keynes.
The property is also ideally positioned for road communications, being approximately 2 miles from Junction 20 of the M25, providing excellent access to the wider motorway network. Hemel Hempstead and Watford are both approximately 3 miles away, making the location particularly well suited to businesses requiring convenient access across Hertfordshire, London and the wider South East.
Tenancy
The estimated rent is £8,000 - £10,000 per month and £96,000 - £120,000 per annum.
Sector
Commercial
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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