1-5 The Parade, High Street, Watford, Hertfordshire, WD17

Investment Summary
* Watford is a dominant retail centre situated 19 miles north west of central London, within the M25.
* Watford's gross disposable household income is in excess of £7,000 higher than the national
average (Source: ONS).
* The property is situated in the prime pitch in a dominate position at the junction of The Parade
and Clarendon Road in the heart of Watford Town centre.
* Clarendon Road, adjoining the property, is the leading office location in the North West M25.
With major employers such as PwC, TK Maxx and KPMG, it supports a large workforce that
drives strong lunchtime and evening retail footfall to the property.
* The property is fully let to Greggs, Pret A Manger, Tech Tronex and Betfred.
* Total Net Income: £252,500 per annum.

We have been instructed to seek offers in excess of £2,715,000 (Two Million Seven Hundred and Fifteen Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would display a net initial yield of 8.75%, assuming standard purchaser's costs.