£2.7m Watford retail parade hits the market
A retail parade in Watford has been brought to market with a price tag of £2,715,000, reflecting a net initial yield of 8.75%.
Located at 1-5 The Parade, the asset is made up of four retail units – fully let to Greggs, Pret a Manger, Tech Tronex, and Betfred – and generates an income of £252,500 per annum.
The property is situated in the heart of Watford Town Centre, located at the junction of The Parade
and Clarendon Road. Clarendon Road is a leading office location in the area, home to major employers such as PwC, TK Maxx and KPMG.
Nearby retailers include B&M, Superdrug, Starbucks, Wilko, and Halifax. The property is also located in close proximity to Harlequin Watford (formerly Atria).
FMX Urban Property Advisers has been appointed to find a suitable buyer.