Summary - Vicarage Road, Watford WD18 0EH
1 bed 1 bath Commercial Property
Ready-to-trade unit steps from town centre and hospital.
650 sq ft total trading and basement storage
This compact 650 sq ft Victorian retail unit sits on the pedestrianised section of Vicarage Road, steps from the town centre, Watford General Hospital and the football ground. The ground-floor trading area and basement storage have been used successfully as a cafe/restaurant with seating for around 20 and an existing fitted kitchen — an immediate trading opportunity for a food-led occupier or investor seeking an income-producing town-centre asset.
The property is offered as a leasehold business opportunity: a new full repairing and insuring 10-year lease is described as available from January 2025, with three-year upward-only rent reviews. Current figures given include monthly rent of £1,700 (£20,400 pa) and a premium of £110,000 for the benefit of the lease, fixtures and goodwill. Weekly turnover is reported between £3,000–£4,000, and the premises include ground-floor trading, WC, rear kitchen and basement storage.
Buyers should note material constraints: the unit is leasehold with a short-term lease structure, and lenders commonly refuse mortgages on short leases. Crime levels in the immediate area are described as high. An EPC is not yet confirmed. There is clear potential to improve turnover or reposition the unit, but purchasers must factor the lease position, required legal costs, and the non-refundable deposit requirement into any offer.
This is best suited to an experienced operator or investor who can move quickly, understands town-centre trading, and is comfortable with leasehold purchase mechanics and the local area profile.
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