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For SalePOA

160-162 Watford Road, Croxley Green

Retail, Office, Offices , 446
Property type: Retail, Office, Offices
Tenure: Investment Opportunity
Size: 446
Price: POA
Location: 160-162 Watford Road, WD3 3BZ
Income of £17,000 per annum to show a yield of 6% taking into account normal purchasing costs.

LOCATION

The premises are prominently positioned on a corner plot on Watford Road conveniently opposite Croxley Green Underground Station and with easy access to Watford and Rickmansworth Town Centres.

Access also to the M25 at Junction 18 and from there to the whole motorway system throughout the south-east.

Within a busy parade of shops which include a variety of occupiers giving a good mix of trades.

DESCRIPTION

The property comprises a single storey retail unit which was fully fitted out by Sewell & Gardner in February 2016.

Amenities include:

• Large Glazed frontage
• Kitchen and WC facilities
• Office and Meeting Room
• Wall Mounted Electric Heaters
• Wall Mounted A/C Unit

ACCOMMODATION

Approximate Net Internal Area: 446 sq ft (41.43 sq m).

SALE AND LEASE BACK

£275,000 for the freehold interest, subject to contract.

Upon completion of the sale Sewell & Gardner Ltd will simultaneously enter into a new 10 year lease with a tenant’s only break option and rent review at the end of the 5th year at an annual exclusive rental of £17,000.

RATES

Rateable Value - £12,250
Rates Payable 2018/2019 - £5,880

Interested parties should contact Watford Borough Council on 01923 226400 to verify the rates payable.

VAT

We understand that VAT is not payable on the purchase price.

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