BHS, 83/85/87 high street, watford - Green & Partners

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Well secured, freehold, department store investment 10 minutes to Watford Junction Train Station The Harlequin Charter Place Shopping Centre John Lewis Department Store The Parade Marks & Spencer Primark High Street 5 minutes to Watford High Street Train Station For identification purposes only
83/85/87 HIGH STREET, WATFORD INVESTMENT SUMMARY ■ ■ Well secured, prime, Department Store opportunity located in the popular regional retailing centre of Watford. Freehold Location Watford is an important and popular south Hertfordshire retail and commercial centre situated on the northern boundary of the Greater London conurbation, just within the M25. The town is located approximately 30.5km (19miles) north-west of central London, 30.5km (19miles) south of Luton and 42km (26miles) east of High Wycombe. ■ ■ Dual frontages and trading floors into both the Harlequin Centre and the High Street and adjacent to the proposed £80m Charter Place re-development. Well secured to Davenbush Limited and BHS Ltd. Watford benefits from excellent transportation links strategically located circa 7.25km (4.5miles) south-east of J19, M25 and 2.8km (1.73miles) south-west, of J5 of the M1. Rail links are also first class with Watford Junction one of the region’s busiest rail stations, where virtually all trains heading north out of Euston and Kings Cross stop. The fastest journey time into central London is just 16 minutes resulting in Watford not only being THE PROPERTY ■ ■ 6,145m (66,146 sqft) Circa 49.7 years unexpired on the Davenbush lease. a desirable commuter town but also an important business destination. Watford is also served by the London Underground (Metropolitan Line). ■ Current income £980,000 pax (£14 psf). ■ £14,820,000 (subject to contract & exclusive of VAT). ■ Attractive 6.25% net initial yield. Watford
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BHS, 83/85/87 high street, watford - Green & Partners

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