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Hertfordshire, WD17 2QN

Retail for sale

£399,000
-
Total price
963Sq Ft
Space

Warren Anthony Commercial are delighted to bring to the market this freehold mixed use investment property offered part let with the remainder sold off on long lease(s) to include the shop and basement (unseen) recently rented, bedsit/let x 3 self contained flats all sold.

It is situated on Queens Road within just a short walking distance to the intu Shopping Centre, Watford High Street with its many multiple and local traders, restaurants, bars and coffee shops and Watford Junction Station, Also with easy access to the M1 at junction 5 and thereby to the M25 and the whole motorway system throughout London and the South East.

81 Queens Road - A1 ground floor open plan shop recently let on a new 12 year full repairing and insuring lease from 27 April 2018 with 5 yearly rent reviews and/or 5 year break clause and producing a rental of �1,000 per calendar month/�12,000 per annum exclusive) with a gross internal area of 963 sq ft approx. Also basement (unseen) and the benefit of security shutters.

81 Queens Road (Rear) - Large self contained bedsit (currently occupied and producing a rental of �850 per calendar month) including newly fitted kitchen, separate shower room/WC and small rear patio garden.

81a Queens Road - Self contained (with access to the side) first floor 2 bedroom flat with long lease and ground rent we believe to be in excess of 120 years approx remaining and �50 payable respectively.

81b Queens Road - Self contained (with access to the side) first floor 2 bedroom flat with long lease and ground rent we believe to be in excess of 120 years approx remaining and �50 payable respectively.

81c Queens Road - Self contained (with access to the side) first floor 2 bedroom flat with long lease and ground rent we believe to be in excess of 120 years approx remaining and �50 payable respectively.

Price �399,000 subject to contract as a guide price for the freehold with the benefit of the current income.

VAT with we understand it is not payable on the purchase price (to be confirmed).

Business rates with a rateable value of �12,500 and rates payable for the current year 2017/2018 of �5,825. However, on this the business rates payable may be we understand subject to an application for small business rate relief of up to 84% of the rateable value hence possible payment then reduced to for the year to only �2,000 approx payable and this together with the domestic rates payable for the bedsit we will recommend that all interested parties make their own enquiries to the local rating authority at Watford Borough Council.

Legal costs with each party to be responsible for the payment of their own legal costs.

Local authority Watford Borough Council.

Warren Anthony will charge a fee of �250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord.

A non refundable holding deposit of �10,000 will be required to secure the property. The deposit will buy a period of exclusivity and will be held by the seller's solicitors pending completion subject to contract.

Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.

Warren Anthony for themselves for the Lessors, Vendors and their agents give notice that,

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part to Warren Anthony.

4. All rent, prices, fees and charges are quoted exclusive of VAT.

Viewing through the vendor's Sole Agents Warren Anthony Commercial by prior appointment only.

Important Notice

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Listed Features

  • Multiple floors
  • Kitchen
  • High Street
  • Basement
  • Use Class - A1
  • Showers
  • Shopping Centre
  • Security Shutters
  • Restaurant
  • Outdoor Space
  • Open Plan
  • No FRI Lease
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