Freehold Retail Investment
Freehold Retail Investment
The property is situated in a prominent position on the parade, a well established pedestrianised thoroughfare which is a short distance from Watford town centre. Nearby occupiers include Superdrug, McDonald’s and Nando’s restaurant. The Harlequin Shopping Centre is a short distance away.
Freehold.
The property is situated in a prominent position on the parade, a well established pedestrianised thoroughfare which is a short distance from Watford town centre. Nearby occupiers include Superdrug, McDonald’s and Nando’s restaurant. The Harlequin Shopping Centre is a short distance away.
Freehold.
The property comprises a ground floor retail unit with ancillary accommodation and forms part of an established parade of shops.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with ancillary accommodation and forms part of an established parade of shops.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground |
Retail and Ancillary | 141 sq m |
(1,517 sq ft) |
BRITISH HEARTFOUNDATION (1) (2) | 15 years from 15/12/1995 |
£34,500 |
14/12/2010 (3) |
| Totals | 141 sq m |
(1,517 sq ft) |
£34,500 | ||||
(1) British Heart Foundation is a leading UK charity established in 1961 and is currently trading from approximately 642 outlets in the UK, which include furniture and electrical stores. In addition British Heart Foundation operates an on-line store. (Source: www.bhf.org.uk)
(2) For the year ending 31st March 2011 British Heart Foundation reported a total net worth of £8,886,000. (Source: www.riskdisk.com 11/04/2012)
(3) The tenant is holding over and has confirmed to the Seller, in principle, their willingness to renew the lease.
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