£3,000,000

Light industrial for sale

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Just added

Offers over

£3,000,000

(£69.52/sq. ft)

Light industrial for sale

Queens Avenue, Watford WD18

43,150 sq. ft

Local area information

Property location

Nearby amenities

  • Laurance Haines School 0.3 miles
  • Chater Infant School 0.3 miles
  • Watford 0.6 miles
  • Watford High Street 0.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Watford to find out more about the local area.

Features and description

  • A 1.25-acre (0.51 ha) site
  • 3 trade counter units with ancillary offices and 2 warehouses
  • A lease was recently renewed for a three-year term
  • Opportunities for continued storage, light industrial or trade use
  • Residential redevelopment potential
A 1.25-acre (0.51 ha) site comprising three trade counter units with ancillary offices and two warehouses.

The property extends to approximately 4,009 sqm (43,150 sqft) gia.

Jewson’s have been in occupation for more than 20 years (since 2004).

A lease was recently renewed with Stark Building Materials UK Limited for a three-year term expiring on 18th June 2028 (mutual break in December 2026 and June 2027).

The current annual income is £350,000 (approx. £8.50 psf).

The property offers immediate opportunities for continued storage, light industrial or trade use, as well as residential redevelopment potential.

The site could be suitable for either a mews house scheme, an apartment scheme, or a combination of the two, subject to obtaining all necessary planning consents.

The property is for sale freehold at Offers in Excess of £3,000,000, subject to contract.

Net Initial Yield of approx 11.0% after allowing for 6.5% purchaser’s costs.

The guide price reflects £70 psf on the existing buildings.

Floor plans and tours

Floor plans (1)

1 floor plan available

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  1. Zoopla
  2. Commercial for sale
  3. Hertfordshire