Jewson, Queens Avenue, Watford, WD18 7NW
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Trade counter for sale
Key features
- A 1.25-acre (0.51 ha) site
- 3 trade counter units with ancillary offices and 2 warehouses
- A lease was recently renewed for a three-year term
- Opportunities for continued storage, light industrial or trade use
- Residential redevelopment potential
Description
The property extends to approximately 4,009 sqm (43,150 sqft) GIA.
Jewson's have been in occupation for more than 20 years (since 2004).
A lease was recently renewed with Stark Building Materials UK Limited for a three-year term expiring on 18th June 2028 (mutual break in December 2026 and June 2027).
The current annual income is £350,000 (approx. £8.50 psf).
The property offers immediate opportunities for continued storage, light industrial or trade use, as well as residential redevelopment potential.
The site could be suitable for either a mews house scheme, an apartment scheme, or a combination of the two, subject to obtaining all necessary planning consents.
The property is for sale freehold at Offers in Excess of £3,000,000, subject to contract.
Net Initial Yield of approx 11.0% after allowing for 6.5% purchaser's costs.
The guide price reflects £70 psf on the existing buildings.
Brochures
Jewson, Queens Avenue, Watford, WD18 7NW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Watford Station0.6 miles
- Watford High Street Station0.8 miles
- Watford Junction Station1.1 miles
Notes
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