285 Watling Street Radlett Hertfordshire WD7 7LA

285 Watling Street
Radlett
Hertfordshire
WD7 7LA

Freehold Retail and Residential Investment

Comprises shop on ground and lower ground floors t/a Keech Hospice Care
Self-contained 3 bed maisonette on first and second floors
Shop let on a lease until December 2033 (subject to option)
Tenant of commercial area has been in occupation since 2013
Affluent and popular London commuter town
Busy retail parade location on Watling Street (A5183) close to Radlett Railway Station
VAT Free Investment

Lot
2
Auction
9th July 2024
Rent
£43,500 per Annum Exclusive
Status
Sold
Price
£668,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Comprises shop on ground and lower ground floors t/a Keech Hospice Care
Self-contained 3 bed maisonette on first and second floors
Shop let on a lease until December 2033 (subject to option)
Tenant of commercial area has been in occupation since 2013
Affluent and popular London commuter town
Busy retail parade location on Watling Street (A5183) close to Radlett Railway Station
VAT Free Investment

Lot 2
Auction 9th July 2024
Rent £43,500 per Annum Exclusive
Status Sold
Price £668,000
Sector
High Street Retail
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 town popular amongst commuters, with Radlett Railway Station providing a Thameslink service to London St. Pancras in just 26 minutes. Nearby occupiers include Tesco Express, Wenzel's, Pizza Express together with an eclectic mix of local retailers and restaurants. 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 and benefits from on street parking immediately outside.

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

Tenure

Freehold.

Description

The property comprises a shop arranged over ground and lower ground floors together with a self contained 3 bed maisonette on the upper two floors. The residential accommodation is accessed from the rear.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

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 Lower Ground	Retail Ancillary	56.30 58.20	(606) (626)	KEECH HOSPICE CARE (1)	10 years from 05/12/2023 (2)	£28,500	05/12/2028
First Second	3 bed maisonette	74.00	(797)	INDIVIDUALS	12 month AST from 21/08/2023 (3)	£15,000	-
Total Approximate floor area		188.50	(2,029) (4)			£43,500

(1) Keech Hospice Care is a registered Charity under number 1035089 who provide free, specialist care for adults in Luton and Bedfordshire, and children from Bedfordshire, Hertfordshire and Milton Keynes living with a life-limiting illness. Keech Hospice Care currently trade from 38 stores across three counties (www.keech.org.uk).
(2) The lease provides for a Tenant option to determine the lease on 05/12/2028 upon serving 6 months written notice.
(3) A rental deposit of £650 is held by the Seller.
(4) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk), with the residential floor areas being provided by the Seller.

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.