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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