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Express Interest in this Property

Pharmacy & Flat, Watford, Greater London

77/77A Tolpits Lane, Watford, Hertfordshire, WD18 6NT

Basic Facts

Property ID: 5251 Post Updated: 2019-06-24 10:41:16
Status: Tenure: Freehold
Lease Term: 20 yrs from April '13 VAT applicable: No

Property Description

  • Freehold Medical and Residential Investment.
  • The property is arranged on ground and two upper floors, in a neighbourhood shopping parade of four shops, all benefitting from rear service access and on-street customer parking to the front.
  • The upper floors comprise a self-contained maisonettes with four rooms.

Location Description

  • Watford has a population of some 76,000, is located some 17 miles north-west of Central London. The town enjoys excellent road
    communications via the M25 (Junction 19) and M1 (Junction 5) and regular services to London (Euston) via Watford Junction Rail Station.
  • The property is located on Tolpits Lane (A4145) in a densely populated residential area, approximately 1 mile south-west of Watford town centre,
    opposite a children’s nursery, adjacent to a doctors’ surgery and close to Westfield Academy Secondary School and Westfield Community Sports
    Centre.
  • Watford General Hospital is nearby and Croxley Underground Station (Metropolitan Line) is approximately 1.6 miles west of the property.

Additional Notes

  • Let to Truco Ltd (t/a Greenfield Pharmacy) for 20 yrs from April 2013 at current rent of £14,250 p.a.
  • Rent review every 5th year.

Features

Customer car parking
Finance available
Freehold
Lease term > 15 years
No Break clauses
Residential element
Reversionary Opportunity
Under £500k

View on Map

Current Opportunities

Current Opportunity

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Domino’s, Colchester

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Iceland, Houghton-Le-Spring

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