Indicative Visualisation Aldenham Road, Bushey, Hertfordshire WD19 4AA Mixed-Use Development Opportunity For Sale

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1 Indicative Visualisation ENTER Mixed-Use Development Opportunity For Sale

2 HOME DESCRIPTION & LOCATION DEVELOPMENT TERMS Two commercial buildings extending to approximately 4,995ft 2 NIA which occupy a circa 0.16 acre site Planning permission for a 3-storey new build scheme comprising 9 residential apartments (4 x 1 bed, 4 x 2 bed and 1 x 3 bed units) totalling 5,899ft 2 with a ground floor A1 / A2 / B1 commercial unit of 2,874ft 2 Currently let on two separate leases producing 67,500 per annum which expire in July 2018 and November 2018 respectively Sought-after location within 100m from Bushey Station and within 1 mile of Watford town centre Offers invited in excess of 1,500,000 for the freehold interest

3 HOME DESCRIPTION & LOCATION DEVELOPMENT TERMS DESCRIPTION The existing property comprises two part-single, part 2-story commercial buildings with A1 (Retail) use: Aldenham Road extends to approximately 4,237ft 2 NIA and operates as a tile showroom. 30 Aldenham Road extends to approximately 758ft 2 NIA and operates as a window showroom. The buildings occupy a site area of approximately 0.16 acres and encompass a service yard which is used for customer parking and deliveries, accessed directly from Aldenham Road. The site is bounded by residential and mixed-use properties. LOCATION The property occupies a prominent position on the western side of Aldenham Road within the Hertfordshire town of Bushey. The Local Authority is Watford Borough Council. Bushey High Street is located circa 0.9 miles from property which hosts a number of shops, restaurants and amenities. More substantial commercial offerings are available within Watford town centre which is also circa 0.9 miles away. Both Bushey Infant School and Bushey Manor Junior located under 0.5 miles from the property. Bushey Station (London Overground) is situated circa 100 metres from the property and provides regular, direct services into Central London, including London Euston in under 20 minutes.

4 HOME DESCRIPTION & LOCATION DEVELOPMENT TERMS PLANNING & DEVELOPMENT POTENTIAL APPROVED ACCOMMODATION SCHEDULE Planning permission was granted in 27th June 2017 (ref: 17/00557/FUL) for demolition of the existing buildings and the construction of a 3-storey building providing 9 residential units (4 x 1 bed, 4 x 2 bed and 1 x 3 bed apartments) and a ground floor commercial unit of 2,874ft 2 benefitting from A1 (Retail), A2 (Financial Establishments) and B1 (Office) Use Classes. All but two of the flats benefit from private terraces and the scheme incorporates 7 surface level, off-street parking spaces. We understand that the approval is not subject to any Section 106 obligations. There is a CIL liability of approximately 41,280. Proposed North - East view Unit Floor Description GIA ft 2 GIA m 2 Commercial A Ground A1 / A2 / B1 Commercial Unit 2, Residential 1 First Two Bedroom Three Person Apartment First Two Bedroom Three Person Apartment First One Bedroom Two Person Apartment First One Bedroom Two Person Apartment Second Two Bedroom Three Person Apartment Second Two Bedroom Three Person Apartment Second One Bedroom Two Person Apartment Second One Bedroom Two Person Apartment First & Second Three Bedroom Five Person Duplex 1, Sub-Total 5, Grand Total 8, TENANCIES Aldenham Road is let to Tile & Stone Depot Ltd on a 10 year FRI lease (within the provisions of the Landlord & Tenant Act) from 26th November 2008 (expiring 25th November 2018). The current rent is 53,000 per annum. Proposed South-West view 30 Aldenham Road is let to Harp Windows (Watford) Ltd on a 4 year lease (outside the provisions of the Landlord & Tenant Act) from 17th June 2016, at a current rent of 14,500 per annum, and subject to a mutual option to break with 12 months notice given. Please note that the Seller has exercised their break option and therefore the tenant is due to vacate in July ,000 compensation is to be paid to the Tenant upon vacant possession.

5 HOME TENURE The property will be sold freehold with the existing tenants remaining in-situ. VAT The property is not elected for VAT. TERMS Offers are invited in excess of 1,500,000. ADDITIONAL INFORMATION Further information including approved planning documents and occupational leases are available in the dataroom using the access code Bushey. CONTACT To discuss any aspect of the property of disposal process, please contact the sole selling agents: Keir Goldstein Paul Heale Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: DESCRIPTION & LOCATION DEVELOPMENT TERMS