Lot 4 - 144 High Street, Watford, Hertfordshire, WD17 2EN
- Unconditional Online Auction Sale
- Guide Price* : 700,000
- Bedrooms: 2
Addendum
available in the March 30th auction
Lot 4 - 144 High Street, Watford, Hertfordshire, WD17 2EN
Description
Commercial property with development potential subject to obtaining relevant consents. Comprising a retail space over the ground floor that is currently arranged as "The Fone Shop" to the front and "144 Lounge" operating as a shisha bar to the rear. The 1st Floor offers the potential opportunity for a residential dwelling or office space subject to usual consents.
Tenure
Freehold
Accommodation
Substantial 2-storey mid-parade restaurant premises in a town centre location. Briefly comprising:
Ground Floor
"The Fone Shop" to the front and "144 Lounge" operating as a shisha bar at the rear
First Floor
Large space, could be used for residential or offices
Location
Located in Watford Hertfordshire. The premises benefit from a prominent trading position on a busy high street in the heart of the town centre. The town's railway station is nearby and the business enjoys a high footfall and much passing trade. The premises are surrounded by a wealth of complementary independent and national shops and businesses. The business is easily accessed via the A-road network and the M1 motorway. Watford is a modern town, boasting excellent schools, leisure facilities and shopping centres. The town is also a desirable place in which to live and is popular with commuters, due to excellent road and rail links. Rickmansworth is approximately 4 miles to the west, while the City of London is 21 miles away.
Tenancy
£55,000 p/a
Sector
Commercial
Yield
7.9%
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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