Summary - Chalk Hill, Bushey, Watford WD19 4BL
1 bed 1 bath Commercial Property
Income-producing corner property with short-term uplift potential.
Victorian mid-terrace freehold with mixed-use retail and flat
This Victorian corner freehold presents a mixed-use opportunity in Chalk Hill, Bushey, close to Bushey mainline station and local amenities. The ground-floor retail unit is currently vacant, offering immediate flexibility for occupation or re-let. The first-floor flat has recently become available and has short-term potential to increase from a discounted rent to market levels.
Investment value is enhanced by three electronic hoardings on the flank wall producing c. £4,300 per annum and current flat income, giving existing gross income potential of around £12,100 pa (excluding the shop). The property’s location in a busy parade and proximity to fast rail links to central London supports lettings and future rental growth.
Physically the building is older (c.1900–1929) and retains period character, but it is dated throughout and will need modernization. There is no confirmed insulation in the solid brick walls, some internal areas are worn and the shop EPC is pending. Buyers should allow budget for refurbishment, updating heating/fixtures and obtaining an EPC for the retail unit.
This freehold suits an investor or local business looking for an income-producing asset with near-term value uplift through refurbishment, rent review or re-letting the shop. It also offers potential to rationalise tenant arrangements and increase income, subject to tenancy law and notices.
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