Commercial · For sale

51 & 53 The Parade, Watford – Freehold Retail Investment

51 & 53 The Parade, Watford, Hertfordshire, WD17 1LJ

Offers over £1,000,000

Tenure

Freehold

Added

18 Oct 2026

About this property

The retail units are arranged over ground floor only, each benefitting from rear servicing via Gaumont Approach. There are two levels of residential accommodation above. These have been constructed with the roof surface/airspace being sold off on a long leasehold.

Key points: - Fully let freehold retail investment on The Parade, Watford — a dominant retail centre c. 20 miles north-west of Central London. - Two ground-floor units let to British Heart Foundation (£39,000 pa) and RSPCA NW London & South Herts (£41,000 pa). - Passing rental income £80,000 per annum; WAULT to expire of approximately 5.2 years. - Residential upper parts (roof surface/airspace above 49/53 The Parade) sold off on a 999-year lease from 25 September 2017 at a peppercorn. - Offers invited in excess of £1,000,000 — reflecting a net initial yield of approximately 7.5% assuming standard purchaser's costs. - Property elected for VAT. EPC certificates available on request. - Fully let retail investment. - WAULT to expire in 5.2 years. - 51 The Parade — Title Number HD518827. - Attractive covenants — British Heart Foundation and RSPCA.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.