Summary - 173 - 173A ST ALBANS ROAD WATFORD WD24 5BD
3 bed 2 bath Retail Property (high street)
Freehold high-street shop with two flats — good rental potential, needs some refurbishment..
Prominent Edwardian shopfront with electric security shutters
Basement storage accessible from retail unit
Self-contained one-bedroom garden flat with private access
Two-bedroom duplex flat over first and second floors
Walking distance to Watford Junction and high footfall location
Freehold title — long-term control and mixed-income potential
Requires refurbishment in places; renovation costs expected
Area records higher crime; consider security and insurance costs
A prominent Edwardian high-street shop with two self-contained flats offers a rare freehold mixed-use opportunity on busy St Albans Road, Watford. The ground-floor retail unit benefits from strong frontage, electric security shutters and a basement for storage, making it immediately lettable or suitable for owner-occupation. The upper floors comprise a well-laid-out two-bedroom duplex, while a separate one-bedroom garden flat at the rear provides private outdoor space and independent access.
This property suits investors seeking multiple income streams or an owner-occupier who wants trade and residential income together. It is within easy walking distance of Watford Junction and local amenities, with fast broadband and excellent mobile signal supporting modern businesses and tenants. Nearby outstanding and good schools add appeal for family tenants.
Be clear about the practical considerations: the building requires some renovation and updating in places — it is advertised as needing work — and the plot is small with limited scope for extension. The immediate area records higher crime levels than average, so purchasers should consider appropriate security measures and insurance costs. There is no flood risk and the property is offered freehold, giving long-term control and asset flexibility.
Presented honestly, this mixed-use asset offers reliable rental potential and repositioning upside for the right buyer willing to invest in refurbishment and active management.
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