Lot 9 Retail Investment – Gross Yield 12% 4 Week Completion Situation Located near to the junction with Windsor Road on this retail and commercial artery which is ideal for attracting both local and passing trade and amongst a host of independent traders all serving the surrounding residential population. Watford North Station (London Northwestern) is approx. ½ mile distant and Watford town centre lies approx. 1¼ miles to the south. Watford is approx. 16 miles north-west of central London benefitting from good links via the A41 to the M1 (Junction 5) and the M25 (Junction 19). Property Forming part of a retail parade comprising a Ground Floor Shop. Accommodation Ground Floor Shop Internal Width 7'11" Shop & Built Depth 33'0" WC VAT is NOT applicable to this Lot Tenure Leasehold for a term of 999 years (less 3 days) from May 2025 at a peppercorn ground rent. Tenancy The property is let on a full repairing and insuring lease to N. Moukuta as a Tattoo Studio for a term of 5 years from 16th August 2024 at a current rent of £12,000 per annum exclusive. There is a £6,000 Rent Deposit held. Note: No. 340 St Albans Road is also being offered for sale in this Auction - see Lot 10.