258 Watford Way 580 SF Retail Building London NW4 4UJ £550,000 (£948.28/SF) 2.91% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Great local amenities
- Situated to the side of the A41
- Heavy daytime footfall
EXECUTIVE SUMMARY
Shop and residential investment together with vacant office suite. The shop is let on an FRI lease to JSAC Ltd t/a Belvoir Estate Agents for a term expiring March 2026 producing £16,000 per annum exclusive. The first floor 2 bed flat, which is approached from the rear, is let on
an AST expiring in July 2024 producing £15,600 per annum. Total income: £31,600 per annum.
In addition, there is a self contained rear ground floor office with own kitchenette, shower & wc affording a floor area of 121 sq ft which is
offered with vacant possession.
an AST expiring in July 2024 producing £15,600 per annum. Total income: £31,600 per annum.
In addition, there is a self contained rear ground floor office with own kitchenette, shower & wc affording a floor area of 121 sq ft which is
offered with vacant possession.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
580 SF
Building Class
B
Year Built
1925
Price
£550,000
Price Per SF
£948.28
Net Initial Yield
2.91%
NOI
£16,000
Tenancy
Single
Number of Floors
2
Building FAR
0.89
Lot Size
0.01 AC
Frontage
22 ft on Watford Way
AMENITIES
- Security System
- Roller Shutters
- Air Conditioning
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NEARBY MAJOR RETAILERS
