186-190 New Road, Croxley Green, WD3 3HD

Summary

The property comprises a prominent mixed-use parade arranged over ground and two upper floors. The ground floor provides three tenanted retail units, with self-contained residential accommodation above, accessed from the rear. The residential accommodation comprises a mix of one and two-bedroom flats, also let and income producing. To the rear of the property are 8 garages, with 3 allocated to the commercial units and the remainder associated with the residential accommodation.

Key Points

Tenure

Freehold, subject to the various occupational tenancies as described.

Proposal

We are instructed to seek offers in region of £1,450,000 (One Million Four Hundred and Fifty Thousand Pounds) subject to contract. A purchase at £1,450,000 reflects a net initial yield of approximately 7.25% assuming purchaser’s costs of 6.1%.

Location

Croxley Green is an attractive and affluent suburb, located in Hertfordshire to the southwest of Watford and east of Rickmansworth, benefitting from strong commuter connectivity to Central London. The subject property is situated on the southern side of New Road, close to its junction with Barton Way, opposite Croxley Green Library and within close proximity to local amenities including medical and community facilities. Croxley Underground Station (Met Line) is within walking distance, providing direct access into Central London. The area is well served by local bus routes and benefits from a strong surrounding residential catchment, with a number of well regarded schools nearby.