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Gade House 38-46 High St S 97,145 SF 100% Leased Retail Building Watford WD17 1AY $11,402,203 ($117.37/SF) 8.20% Cap Rate
Investment Highlights
- Heavy daytime foot traffic
- Within walking distance from national rail, overground and underground links into London
- Excellent natural light
Executive Summary
102,334 sq ft freehold island site
Six tenants including Nando's, British Heart Foundation and Gym Location
Total net income of £743,521 per annum
WAULT of 8.3 years to expiry / 6.3 years to break
Strong income diversification — no single tenant exceeds 20% of total income
Long-term residential-led redevelopment potential on a 0.82 acre site
Freehold
Offers sought in excess of £8,500,000 reflecting an 8.20% NIY and a low capital value of just £83 per sq ft.
Six tenants including Nando's, British Heart Foundation and Gym Location
Total net income of £743,521 per annum
WAULT of 8.3 years to expiry / 6.3 years to break
Strong income diversification — no single tenant exceeds 20% of total income
Long-term residential-led redevelopment potential on a 0.82 acre site
Freehold
Offers sought in excess of £8,500,000 reflecting an 8.20% NIY and a low capital value of just £83 per sq ft.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Building Size
97,145 SF
Building Class
B
Year Built
1969
Price
$11,402,203
Price Per SF
$117.37
Cap Rate
8.20%
NOI
$934,981
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.42
Lot Size
0.92 AC
Frontage
218’ on The Parade
Amenities
- Security System
- Automatic Blinds
- Storage Space
- Air Conditioning
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Nearby Major Retailers
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Gade House | 38-46 High St S
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