Retail premises for sale in St. Albans Road, Watford WD17

Fixed price £165,000 (£403.42/sq. ft)
Retail premises for sale 409 sq. ft*
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • Well Located Virtual Freehold Shop Investment
  • Comprises a ground floor commercial unit t/a a hair salon
  • VAT is not applicable to this property
  • Occupiers close by include local cafes, barbers, restaurants, amongst others

Property description

Investment Consideration:
Gross Initial Yield: 5.45%
Rental Income: £9,000 p.a.
VAT is not applicable to this property
Leasehold. To be held on a new 999 year lease from completion at a fixed ground rent of a peppercorn
Commercial unit let to Fatou Faal t/a Hair Salon on a lease expiring 2023
Occupiers close by include local cafes, barbers, restaurants, amongst others.

Property Description:
The property is arranged as a Ground Floor Shop which forms part of a larger building, the remained of which is not included in the sale (but could be available by separate negotiation).

Tenancy:
The ground floor shop is at present let to Fatou Faal t/a Hair Salon for a term of 3 years from 24th June 2020 at a current rent of £9,000 per annum. The lease contains full repairing and insuring covenants. The lease is contracted out of the security of tenure provisions of the Landlord & Tenant Act 1954 part II. Rent deposit is held of £1,500.

Location:
Situated on St Albans Road, Watford close to Watford Junction network rail station between Park Road and Langley Road. Occupiers close by include local cafes, barbers, restaurants, amongst others.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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