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Sandown Rd 12,298 sq ft Office Unit Offered at £4,000,000 in Watford WD24 7UB
Investment Highlights
- Situated on Mowat Industrial Estate, Watford
- Strong access to local transport and motorway network
- Watford town centre and Watford Junction station within ~1.5 miles
Executive Summary
Mowat Industrial Estate is well located within a short distance of St Albans Road, the A41 North Western Avenue and Junction 5 of the M1. Sandown Road links Bushey Mill Lane with Balmoral Road and Radlett Road, close to the latter’s junction with St Albans Road. Access to the national motorway network is excellent with Junction 5 of the M1 approximately one mile away and Junction 19 and 20 of the M25, less than a 10-minute drive. Watford Junction Railway Station and town centre all within 1.5 miles and Watford North Railway Station and local bus routes are within easy reach.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 17 |
| Net Initial Yield | 9.11% | Tenure | Freehold/Long Leasehold |
| Sale Type | Investment |
| Net Initial Yield | 9.11% |
| No. Parking Spaces | 17 |
| Tenure | Freehold/Long Leasehold |
Description
The freehold interest consists of two ground floor units which have been sold off on long leaseholds and the first floor which is income producing along with 17 demised car parking spaces. The first floor consists of 33 self-contained loft style office/workshop units which are finished to a high standard with polished concrete floors and double height windows. There is a centrally located kitchen/breakout area along with W/C facilities. All units are currently let and producing a net income of approx. £364,452 per annum as of April 2026
Sale Notes
Income producing freehold purchase representing 9.11% Gross yield...
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 3-6 | 12,298 sq ft | Office | £4,000,000 (£325.26/sq ft) | £364,400 |
Unit 3-6
| Unit Size |
| 12,298 sq ft |
| Unit Use |
| Office |
| Price |
| £4,000,000 (£325.26/sq ft) |
| NOI |
| £364,400 |
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Unit 3-6
| Unit Size | 12,298 sq ft |
| Unit Use | Office |
| Price | £4,000,000 (£325.26/sq ft) |
| NOI | £364,400 |
| Sale Type | Investment |
| Net Initial Yield | 9.11% |
| No. Parking Spaces | 17 |
| Tenure | Freehold/Long Leasehold |
| Description | |
| The freehold interest consists of two ground floor units which have been sold off on long leaseholds and the first floor which is income producing along with 17 demised car parking spaces. The first floor consists of 33 self-contained loft style office/workshop units which are finished to a high standard with polished concrete floors and double height windows. There is a centrally located kitchen/breakout area along with W/C facilities. All units are currently let and producing a net income of approx. £364,452 per annum as of April 2026</li></ul> | |
| Sale Notes | |
| Income producing freehold purchase representing 9.11% Gross yield...</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 83,121 sq ft | Typical Floor Size | 52,117 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1968 |
| Property Subtype | Warehouse | Total Plot Size | 1.96 ac |
| Costar Property Class | C | Parking Allocation | 0.22/1,000 sq ft |
| Floors | 4 |
| Total Property Size | 83,121 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Floors | 4 |
| Typical Floor Size | 52,117 sq ft |
| Year Built | 1968 |
| Total Plot Size | 1.96 ac |
| Parking Allocation | 0.22/1,000 sq ft |
Amenities
- Fenced Lot
- Security System
- Yard
- Roller Shutters
- Storage Space
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas
- Heating - Gas
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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Sandown Rd
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