St Albans Railway Station (18 minutes to St Pancras)
Air
Luton Airport
Situation
The property is prominently located on the north side of Beech Road, close to its junction with Valley Road, in an established retail parade, situated in a predominantly residential area. Nearby occupiers include Tesco Express, Majestic Wines, Shell Garage and a number of independent traders within the parade.
Tenure
Freehold.
Location
Miles
7 miles north of Watford, 20 miles north of Central London
St Albans Railway Station (18 minutes to St Pancras)
Air
Luton Airport
Situation
The property is prominently located on the north side of Beech Road, close to its junction with Valley Road, in an established retail parade, situated in a predominantly residential area. Nearby occupiers include Tesco Express, Majestic Wines, Shell Garage and a number of independent traders within the parade.
Tenure
Freehold.
Description
The property comprises a shop/take-away arranged on the ground floor and a separately-acessed 3-bed maisonette arranged on the first and second floors. The property benefits from a storage outbuilding to the rear of the property, offered vacant.
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/take-away arranged on the ground floor and a separately-acessed 3-bed maisonette arranged on the first and second floors. The property benefits from a storage outbuilding to the rear of the property, offered vacant.
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 (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Take-Away/Ancillary
96.82
(1,042)
SOAR INVESTMENTS LTD (t/a Pizza Hut)
10 years from 16/06/2023
£26,500
16/06/2028
First/Second
Residential - 3-bed maisonette
98.00
(1,055)
NEW MAYFAIR ESTATES LTD
3 years from 18/04/2024 (2) at £2,000 pcm
£24,000
-
Outbuilding
Ancillary/Store
10.13
(109)
VACANT
-
-
-
Total
204.95
(2,206)
£50,500
(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates) (2) The lease is subject to a mutual option to determine at the expiry of the first year.
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.
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