Comprises shop on ground and basement t/a ViMi Eco Store
Self-contained 3 bed maisonette on first and second floors
Shop let on a new lease expiring April 2031 (subject to options)
Busy retail parade location on Watling Street (A5183) close to Radlett Railway Station
Affluent and popular London commuter village
VAT Free investment
Lot 1
Auction 21st September 2023
Rent £30,984 per Annum Exclusive
Status Sold
Price £485,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles north east of Watford, 12 miles north west of Central London
Roads
M1, A1, M25
Rail
Radlett Railway Station (Thameslink)
Air
London Luton Airport, London Heathrow Airport, London Gatwick Airport
Situation
Radlett is an affluent and historic Hertfordshire village, a popular commuter location with Radlett Railway Station providing a Thameslink service to London St. Pancras in 26 minutes. The property is located some 100 metres from Radlett Station on the eastern side of Watling Street (A5183), a busy arterial route between St. Albans and London. Nearby occupiers include Tesco Express, Wenzel's, Pizza Express and a mix of local retailers and restaurants.
Tenure
Freehold.
Location
Miles
2 miles north east of Watford, 12 miles north west of Central London
Roads
M1, A1, M25
Rail
Radlett Railway Station (Thameslink)
Air
London Luton Airport, London Heathrow Airport, London Gatwick Airport
Situation
Radlett is an affluent and historic Hertfordshire village, a popular commuter location with Radlett Railway Station providing a Thameslink service to London St. Pancras in 26 minutes. The property is located some 100 metres from Radlett Station on the eastern side of Watling Street (A5183), a busy arterial route between St. Albans and London. Nearby occupiers include Tesco Express, Wenzel's, Pizza Express and a mix of local retailers and restaurants.
Tenure
Freehold.
Description
The property comprises a shop on the ground and basement floors together with a self-contained three bedroom maisonette on the upper two floors. The residential accommodation is accessed from the rear.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a shop on the ground and basement floors together with a self-contained three bedroom maisonette on the upper two floors. The residential accommodation is accessed from the rear.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Basement
Retail Ancillary
72.00 58.60
(775) (630)
GOLDEN BUZZER LIMITED t/a ViMi Eco Store (1) (2)
10 years from 14/04/2021 (3)
£21,000
14/04/2026
First Second
3 bedroom maisonette
-
-
INDIVIDUAL
Regulated Tenancy
£9,984
Total Approximate Commercial Floor Area
130.60
(1,405) (4)
£30,984
(1) ViMi Eco Store is a sustainable organic shop providing plastic free re-fills for food, body care and household goods (www.vimi.london). (2) A rent deposit of £5,269.35 is held by the Seller. (3) The lease provides for a tenant option to determine the lease on 21/04/2025 and 21/04/2029 upon serving 6 months written notice. (4) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
