St Johns Road, Watford £895,000
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- INVESTMENT OPPORTUNITY
- Freehold interest comprising 3 self contained flats
- Stable rent flow and potential to improve
- First Floor Flat let on AST
- Ground Floor Flat let on AST
- Lower Ground Garden Flat let on AST
- Long Leasehold Ground Rent income from Top Floor Flat
- Right in the Heart of the Town Centre
- Easily accessible for Town Centre Shopping and Entertainment
- Easily accessible for Watford Junction Main Line Station
INVESTMENT OPPORTUNITY
FREEHOLD
This is an excellent opportunity to acquire a striking Freehold property located in the commercial centre of Watford just 0.2 mile from Watford Junction Station and being 0.5 mile from the Watford's Atria Shopping Centre and nightime entertainment attractions.
The Freehold property comprises 3 Leasehold flats let on Assured Shorthold Tenancies which currently generate an annual income of £ xxx plus a long leasehold flat generating Ground Rent income of £150.00 pa on lease with 75 years unexpired
The property as it stands is an attractive investment opportunity being fully let and well maintained. However, the property has further potential to develop and to generate a greater income perhaps as an HMO investment or as a Short Let business.
The property comprises:
Top Floor Flat
One bedroom self contained Flat
Long Leasehold interest with approx 75 years remaining with Ground Rent income of £150.00pa
First Floor Flat
One Bedroom Self Contained Flat
Currently let on AST at £995.00 pcm
Current tenancy expires 2nd July 2023
Ground Floor Flat
Self Contained Studio Flat
Currently let on AST at £915.00 pcm
Current Tenancy expires 5th September 2023
Lower Ground Floor Flat
Two Bedroom Self Contained Flat
Currently let on AST at £1070.00 pcm
Current Tenancy expires 16th April 2024
Watford WD17 1PT
Watford WD17 1PT
Click to enlarge
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