Retail Investment Premises and 4 Bedroom Self Contained Flat with Development Potential
Summary
- Ground floor shop with basement storage let until 27th January 2031
- 4 bedroom self contained flat currently let on an assured shorthold tenancy
- Potential development opportunity - subject to planning
- Walking distance from Atria shopping centre
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Ground - Shop | 1,012 | 94.02 |
| Basement - Office | 495 | 45.99 |
| 1st - 2nd Floor | 1,377 | 127.93 |
| Total | 2,884 | 267.94 |
Location
The property is situated on Market Street which is located in Watford town centre and is accessed from A411 Exchange Road (the town centre ring road). The Atria shopping centre and a range of restaurants and cafes are within 5 minutes walk.
Watford High Street station is within 10 minutes walk offering London overground service to North London suburbs and London Euston. Watford Junction station is within 15 minutes walk offering mainline services to London Euston (approx 16 minutes), the Midlands and Clapham Junction.
Get directions from Google Maps
Mainline Stations
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Watford High Street6 mins
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Watford Junction12 mins
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Bushey16 mins
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Watford North29 mins
Underground Station
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Watford High Street6 mins
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Watford Junction13 mins
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Watford16 mins
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Bushey17 mins
Further Information
Price Offers in excess of £875,000
Rates Payable £7,636.57 per annum
Description
The premises comprises a ground floor shop with use Class E which is let to a convenience store/off licence.
The first and second floors comprise a 4 bedroom self contained flat with separate bathroom and kitchen and is let on an assured shorthold tenancy. We also believe that the flat has potential for subdivision in to smaller flats (subject to planning).
Viewings
Strictly by appointment via sole agents.
Terms
The freehold investment of the whole property is available for offers over £875,000.
Tenancies
The ground floor shop is currently let on a full repairing and insuring lease which expires on 27th January 2031 and is outside the landlord and tenant act. The rent is currently £25,000 per annum and the lease is subject to a tenant break and rent review on 27 January 2026. The flat is let on an Assured Shorthold Tenancy for one year. The rent is currently £1,550 per month.
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