Commercial Property for saleThe Parade and Land To Rear, High Street, Watford, Hertfordshire, WD17 1LJ
Guide Price* £125,000
- Freehold retail (A3) investment with parking land to rear
- Prominent town centre pedestrianised location
- Reversion 2025 & 2105
For Public Auction at 5th December at 11:00
Watford is a busy town and Borough lying on the A41, 17 miles to the north of central London and within the M25 motorway at its junction with the M1 motorway. The Borough has a population of around 95,000 and the town is a major regional centre with the main retail activities centred upon the High Street and the INTU Shopping Centre. Watford has three rail stations as well as the Metropolitan Tube line. This has encouraged a number of major companies to locate there, including JD Wetherspoon, Camelot Lottery, Taylor Woodrow, Mothercare, Bath Store, Total Oil, TK Maxx, Warner Bros Studios, Tesco and Costco. The property lies in The Parade, which forms a part of the busy pedestrianised High Street, the property enjoying a prominent frontage to this busy street. The covered market lies adjacent to the property and nearby traders include McDonalds, Subway and B&M.
The property comprises an end of terrace double fronted property trading as the Barracuda Restaurant on the ground floor. The property lies beneath a pitched glazed roof and has external seating beneath a retractable awning by way of a separate licence. To the rear is a fenced yard and parking area, accessed via Gaumont Road together with additional land used for parking. There is a gated passageway to one side of the property.
Watford Borough Council (01923 226400) www.watford.gov.uk.
For EPC Rating please see website.
Please refer to the legal documentation.
For further information please go to www.lshauctions.co.uk
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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