253-255 255 Watling St 7,992 sq ft 100% Let Retail Property Radlett WD7 7AL £1,000,000 (£125.13/sq ft) 5.75% Net Initial Yield

This Grade II listed investment opportunity comprises six commercial units prominently situated at the corner of Watling Street and Station Approach in Radlett, an affluent commuter town located between St Albans and Borehamwood. The property enjoys extensive frontage and strong visibility at a heavily trafficked junction while benefiting from excellent connectivity, including Radlett Station’s direct rail service to London St Pancras International in approximately 25 minutes and easy access to the M25 (Junction 22) and A1(M).
The buildings, dating from around 1854, are arranged as a traditional flint and brick parade providing a mix of ground-floor retail units and office accommodation. All units are occupied; however, current leases are holding over, providing incoming investors with significant asset management potential through lease regearing and rental uplift. There is additional potential to explore residential conversion on upper parts, subject to listed building requirements, offering a long-term value-add strategy.
Offers are invited in excess of £1,000,000 for the available freehold interest. This property is VAT elected.