Harcourt Road, Bushey, Hertfordshire, WD23

Property Description

- Freehold mixed-use investment
- Ground floor Tesco convenience store of 2,258 sq ft
- Two 3-bedroom maisonettes on upper floors (1,804 sq ft)

Tenancy
- Retail unit let to Tesco Stores Limited on a recently re-geared lease for a term of 15 years (no breaks) from 13 October 2025
- Current rent of £45,000 p.a.
- Tesco have been in occupation of this unit for over 20 years

17 Harcourt Road:
- 902 sq ft with 3 bedrooms arranged over two upper floors
- Vacant possession - (ERV of £18,000 p.a.)

19 Harcourt Road:
- 902 sq ft with 3 bedrooms arranged over two upper floors
- Rented on an AST which started 18 September 2019
- Holding over at a rent of £15,600 (ERV of £18,000 p.a.)

- Total rental income of £60,600 with one vacant maisonette
- Scope to asset manage & increase total income to c.£81,000 p.a.

Location
- Harcourt Road is a well-established local parade, prominently positioned at the junction of Harcourt Road and Chiltern Avenue,
- Located in the heart of Bushey, an affluent Hertfordshire commuter town located just 17 miles north-west of Central London and 2 miles south of Watford
- The property benefits from strong roadside prominence, consistent local footfall, and easy access to major routes including the M1 (Junction 5) and M25
- Bushey Station providing direct rail links to London Euston.

Additional Details
- VAT is not applicable