Freehold Retail Investment
Freehold Retail Investment
The property is situated in a prominent position on the parade, a well established pedestrianised thoroughfare which is a short distance from Watford town centre. Nearby occupiers include Superdrug, McDonald’s and Nando’s restaurant.
Freehold.
The property is situated in a prominent position on the parade, a well established pedestrianised thoroughfare which is a short distance from Watford town centre. Nearby occupiers include Superdrug, McDonald’s and Nando’s restaurant.
Freehold.
The property comprises a ground floor retail unit with one upper floor of ancillary accommodation and forms part of an established parade of shops.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with one upper floor of ancillary accommodation and forms part of an established parade of shops.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail/Ancillary Ancillary |
238.80 sq m 61.30 sq m |
(2,570 sq ft) (658 sq ft) |
BALEDAY LTD(t/a AgoraAmusements) (1) | 10 years from 27/04/2012 until 2022 on a full repairing and insuring lease |
£71,500 |
26/04/2017 (2) |
| Totals | 300.10 sq m |
(3,228 sq ft) |
£71,500 | ||||
1) Agora is one of the largest Adult Gaming Centres in the UK, operating from 63 sites mainly within the M25. Agora was acquired by Baleday Limited which is a wholly owned subsidiary of Praesepe plc. The total number of sites operated by Praesepe plc is 159 ACGs, four Family Entertainment Centres, six bingo clubs as well as a significant online presence. (Source: www.praesepeplc.com)
(2)The lease provides for an option to determine on the 26th April 2017.
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