Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
Watford is a popular commuter town located some 18 miles north-west of Central London. The town has good road communications being 1.5 miles west of M1 (Junction 5), 3 miles south of the M25 (Junction 20) together with regular rail services to London (Euston). The property is located on St Albans Road (A412), in a densely populated residential area, approximately 1 mile north of Watford town centre. The property is situated on St Albans Road, close to its junction with Cecil Street. Watford Junction railway station is located 850 metres to the south. Nearby occupiers include William Hill, Tesco and Boots.
Freehold.
Watford is a popular commuter town located some 18 miles north-west of Central London. The town has good road communications being 1.5 miles west of M1 (Junction 5), 3 miles south of the M25 (Junction 20) together with regular rail services to London (Euston). The property is located on St Albans Road (A412), in a densely populated residential area, approximately 1 mile north of Watford town centre. The property is situated on St Albans Road, close to its junction with Cecil Street. Watford Junction railway station is located 850 metres to the south. Nearby occupiers include William Hill, Tesco and Boots.
Freehold.
The property comprises a ground floor shop with selfcontained residential accommodation above.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor shop with selfcontained residential accommodation above.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground | Retail | 100.7 sq m |
(1,084 sq ft) |
WENZEL’S THE BAKERS LTD (1) |
10 years from 01/12/2016 |
£20,000 | 2021 (2) |
| First | Residential | 3 Rooms, Kitchen and Bathroom |
INDIVIDUALS | AST for 1 year from 01/12/2017 |
£9,180 (annualised) |
(01/12/2018) | |
| Total Commercial |
100.7 sq m |
(1,084 sq ft) |
£29,180 | ||||
(1) Wenzel’s The Bakers trade from 50 shops (Source: www.wenzels.co.uk). For the year ending 31st March 2017, Wenzel's The Bakers Limited reported a turnover of £17,657,470, pre-tax profits of £2,088,195 and a total net worth of £2,219,093 (Source: Experian Group 08/03/2018).
(2) Tenant’s option to break in 2022 upon 6 months’ prior notice.
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