Imposing Freehold Bank Building For Sale - Bushey WD23

Development potential incl. residential & D1 nursery school STPP


28 High Street, 
BUSHEY WD23 3HJ


Available to buy freehold




Gross internal area: 358.33 sq.m. (3857 sq.ft.)

The subject property is located in the heart of Bushey, an affluent Hertfordshire suburb less than 2.0 kilometres (1.24 miles) south-east of Watford and approximately 25.75 kilometres (16 miles) north-west of central London.

While Bushey is conveniently located near major town/city centres like Watford and London, with its ancient church, duck pond and period cottages it manages to retain the feel of a quaint village.

The property benefits from excellent public transport links. Bushey London Overground and Rail Station is 1.22 kilometres (0.76 miles) miles to the west of the property and Watford Junction Station is 2.86 kilometres (1.78 miles) to the north west. Stanmore Station London Underground Station (Jubilee Line) is 5.26 kilometres (3.27 miles) to the south-east. There are frequent direct rail services from Bushey Station to London Euston Station, with a journey time of circa 19 minutes.

The location is well served for road communications lying approximately 8.0 kilometres (4.97 miles) to the south-east and south of Junctions 20 and 21 respectively, of the M25 motorway. Junction 5 of the M1 is 2.87 kilometres (1.78 miles) to the north.


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Description:

The property comprises an imposing building, which was originally built around 1905 and has a gross internal area of approximately 358.33 square metres (3,857 square feet) and is arranged over basement, ground, first & second floors.

The basement, ground and majority first floor were previously occupied by a bank and are vacant.

The remainder of the first floor and the entire second floor consists of a large 2 bedroom flat, which is let on a single AST generating £950 per calendar month / £11,400 per annum.

The property has development potential for conversion into residential use but we feel that the property would be ideally suited for use as a nursery school, subject to obtaining the necessary planning consents.

Accommodation:
Gross internal area: 358.33 sq.m. (3857 sq.ft.) 

comprising:

Basement 10.38 sq.m / 111 sq.ft

Ground Floor Commercial 161.68 sq.m / 1740 sq.ft

First Floor Commercial 123.98 sq.m / 1334 sq.ft

First Floor Residential 18.88 sq.m / 203 sq.ft

Second Floor Residential 43.41 sq.m / 467 sq.ft

Terms:
Freehold For Sale with vacant possession of the ground, basement and part first floors, with part first and second floors let on a single AST generating a passing rent equating to £11,400 per annum
Service charge:
n/a
Local authority:
Hertsmere Borough Council
Viewings:
By prior appointment with Gilmartin Ley, telephone 020 8882 0111 - Click here for Enquiries
Reference:
28037    Updated: 17 Aug 2020