Retail Investment Opportunity - For Sale
Summary
- Business not affected
- Ground floor shop of 700 sq ft let until October 2036
- Investment income of currently £16,000 per annum
- Located on a busy neighbourhood parade
Location
309 Prestwick Road is situated in the heart of South Oxhey, a well established residential area on the outskirts of Watford. The property enjoys a convenient position close to a wide range of local amenities including shops, supermarket, cafe, leisure and healthcare services available at the regenerated South Oxhey Central development.
Carpenders Park station is located approximately 0.6 miles away providing regular London Overground services into London Euston via Watford Junction.
Nearby roads links include the M1, M25 and A41.
Get directions from Google Maps
Mainline Stations
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Carpenders Park17 mins
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Hatch End23 mins
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Headstone Lane36 mins
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Bushey39 mins
Underground Station
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Carpenders Park17 mins
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Hatch End23 mins
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Northwood Hills25 mins
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Northwood26 mins
Further Information
Price £280,000
Rates Payable £6,372 per annum
EPC Rating This property has been graded as C (68)
Description
The property comprises a ground floor shop which is currently trading as a tattooist/barbers with a total net internal floor area of approximately 700 sq ft (65 sq m)
Viewings
Strictly by appointment via sole agents.
Tenancy
The property is currently let on a 15 year term from 7th October 2021. The annual rent is currently £16,000 per annum. There are tenant only breaks on the 10th anniversary and rent reviews at the fifth and tenth anniversary.
Sale Price
Offers are invited for the freehold interest of £280,000.
VAT
The property is VAT registered and therefore VAT will be charged on the sale price.
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