TYPEOther, Other, Other, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON9th November 2021
The property comprises a mid-terrace ground floor shop with basement along with a 3 bedroom flat above of approximately 1,100 sq ft GIA. To the rear is a self-contained workshop, 4 car parking spaces and a separate double garage. The ground floor shop is currently occupied where the tenant is holding over as the lease has expired. current rental income is £10,400 per annum exclusive. The flat is currently producing a rental of where the tenant has served notice to vacate in January 2022.
Prominently positioned on St Albans Road, the premises are within a few minutes walk to Watford Junction Station and the Town Centre and has bus routes both on St Albans Road and the nearby Langley Road. Within the same parade of shops are a restaurant, snack bar, takeaway, hairdressers etc.
£900,000 for the Freehold interest, Subject to Contract.
Potential Alternative Use For The Rear Space, Subject To Obtaining Relevant Planning Consent.