Jewson, Queens Avenue, Watford, WD18 7NW

A 1.25-acre (0.51 ha) site comprising three trade counter units with ancillary offices and two warehouses.

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.