The property comprises an end-of-terrace ground floor retail unit and the flat above within a purpose built block of 6 shops and flats that includes a Simmons bakery, Hospice of St Francis charity shop, a health food shop, a newsagents with Post Office and a Fish and Chip shop.
The flat is believed to be a 2 bedroomed flat accessed via an external staircase at the rear off the side road, Common Lane, and also has the benefit of a concrete framed garage at the rear.
( Agency Pilot Software ref: 103779 )
Location
The premises are located in the popular village of Kings Langley, just 5 miles to the north-west of Watford, just outside the M25, adjacent to Junction 20. The village has a population of approximately 5,200 (2021 census) and is a popular commuter village having a thriving retail scene with a number of independent cafes and retailers. The shop is in a parade of 6 shops and flats at the western end of the village which benefits from short term parking immediately at the front. Although the units have different postal numbers, the flat is in fact directly above the shop
Accommodation
Ground Floor Betting shopT 75.9 sq m
ITZA agreed at review 817 sqft
Terms
Planning The property has been used as a betting shop for many years.
Energy Performance Certificate Ground Floor Shop EPC rating 60 in Band C.
Specification
- Freehold fully let income producing GF retail unit and long leasehold flat investment
- Shop let to Ladbrokes
- Income £21,330 pa
- Shop let from 24 June2011 on a lease expiring 23 June 2028
- Gross initial yield 7%
- Opportunities to improve value with 59 years remaining on residential lease