Freehold Retail and Office Investment
Freehold Retail and Office Investment
The property is situated in a prominent position on the southern side of The Parade, one of Watford’s prime retailing thoroughfares, at its junction with High Street and Clarendon Road. Nearby occupiers include McDonald’s, Santander, Superdrug, Ladbrokes and Pret A Manger.
Freehold.
The property is situated in a prominent position on the southern side of The Parade, one of Watford’s prime retailing thoroughfares, at its junction with High Street and Clarendon Road. Nearby occupiers include McDonald’s, Santander, Superdrug, Ladbrokes and Pret A Manger.
Freehold.
The property comprises a four storey building with retail and storage accommodation on ground and basement and self-contained office accommodation on first and second floors. The property benefits from car parking spaces to the rear of the property.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a four storey building with retail and storage accommodation on ground and basement and self-contained office accommodation on first and second floors. The property benefits from car parking spaces to the rear of the property.
VAT is not 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 | |
|---|---|---|---|---|---|---|---|
| Basement Ground |
Retail Retail/Storage |
118.50 sq m 198.10 sq m |
(1,276 sq ft) (2,132 sq ft) |
THE PEACE HOSPICE (1) |
5 years from 10/09/2010 |
£50,000 |
09/09/2015 |
| First Second |
Office Office |
83.90 sq m 71.10 sq m |
(903 sq ft) (765 sq ft) |
INTERACTION RECRUITMENT PLC (2) |
5 years from 25/12/2008 (3) |
£21,500 |
24/12/2013 (3) |
| Totals | 471.60 sq m |
(5,076 sq ft) |
£71,500 | ||||
(1) Peace Hospice Care provides support for people living with a life limiting illness and supports their families from across South West Hertfordshire (Source: www.peacehospice.co.uk 21/02/2014)
(2)Established in 1986, Interaction is one of the UK’s fastest growing independent recruitment businesses, operating through a network of over 30 locations nationwide. (Source: www.interactionrecruitment.co.uk 21/02/2014)
(3)The tenant is holding over.
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