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Lot 21 - Retail Investment Property

Lot 21 - Retail Investment Property

Address

340 St Albans Road, Watford, Hertfordshire WD24 6PQ, England

Auction date

16 Jul 2025

Guide price

£90,000

Type

Commercial

Tenure

Leasehold

EPC Rating

Unknown

Auctioneer

Barnett Ross

Description

This retail investment offers a gross yield of 11.1%. Situated on a bustling retail and commercial road, the property is ideal for attracting local and passing trade. The ground floor shop is part of a retail parade and benefits from the proximity to Watford North Station and the town centre.

  • Ground Floor Shop with internal width of 8'10" widening to 10'1" at the rear
  • Current lease to an Afro Caribbean Grocery Store at a rent of £10,000 per annum
  • Long leasehold with a term of 999 years from May 2025

Last update: 29 Jun 2025

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