563-571 Watford Way 3,534 sq ft Retail Property London NW7 4RT £2,200,000 (£622.52/sq ft)

A freehold investment comprising a day nursery at ground floor level and 7 residential flats above. Four of the flats are let on Assured Shorthold Tenancies (AST’s) and three sold off on long leases of which one of those is a lease with around 70 years remaining. The covenant of the day nursery at ground floor level is excellent and they are trading from five locations. This offers an opportunity to receive regular and continued income and the potential for long term rental growth. The ground floor premises also includes a front forecourt and rear play area/parking area. There is also an option to purchase just the ground floor commercial investment freehold and a long lease will be granted back on the upper part to the seller.