Freehold Commercial, Residential and Development Opportunity
Vacant ground floor shop with large separately-accessed 2-bed flat above, let on AST
Includes prominent and valuable advertising hoarding on flank wall
Development/Change of Use Opportunities (subject to consents)
Corner location in established commercial and residential location
Nearby occupiers include GAIL's Bakery, Pizza Express, Boots the Chemist, Tesco Express and Esso Petrol Filling Station
VAT not applicable
Lot 33
Auction 25th September 2024
Rent £4,500 per Annum Exclusive plus large Vacant Shop
Status Available
Guide* £620,000 - £640,000
Sector High Street Retail/Residential/Development
Auction Venue Live Streamed Auction
On the Instructions of Dignity Funeral Directors
Property Information
Location
Miles
10 miles north-west of Central London
Roads
A1, A47, A406, M1 (Junction 2)
Rail
Mill Hill Broadway Railway Station
Air
London Heathrow Airport, London Luton Airport, London Stansted Airport
Situation
The property is prominently situated in an established commercial and residential location, on the north side of Watford Way (A1), at its junction with Wiltshire Close and close to Mill Hill Park. Nearby occupiers include GAIL's Bakery, Pizza Express, Boots the Chemist, Tesco Express and Esso Petrol Filling Station.
Tenure
Freehold.
Location
Miles
10 miles north-west of Central London
Roads
A1, A47, A406, M1 (Junction 2)
Rail
Mill Hill Broadway Railway Station
Air
London Heathrow Airport, London Luton Airport, London Stansted Airport
Situation
The property is prominently situated in an established commercial and residential location, on the north side of Watford Way (A1), at its junction with Wiltshire Close and close to Mill Hill Park. Nearby occupiers include GAIL's Bakery, Pizza Express, Boots the Chemist, Tesco Express and Esso Petrol Filling Station.
Tenure
Freehold.
Description
The property comprises a ground floor shop with a separately-accessed 2-bed flat arranged on first floor. The property benefits from an advertising hoarding on the flank wall, facing Watford Way (A1).
VAT
VAT is not applicable to this lot.
Viewings
There will be two accompanied viewings on Friday 13th September and Friday 20th September, both from 10am to 11am. If you would like to inspect, please confirm your attendance with your name and mobile number to henry.john@acuitus.co.uk
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 ground floor shop with a separately-accessed 2-bed flat arranged on first floor. The property benefits from an advertising hoarding on the flank wall, facing Watford Way (A1).
VAT
VAT is not applicable to this lot.
Viewings
There will be two accompanied viewings on Friday 13th September and Friday 20th September, both from 10am to 11am. If you would like to inspect, please confirm your attendance with your name and mobile number to henry.john@acuitus.co.uk
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.
Ground
Retail/Ancillary
67.56
(727)
VACANT
-
-
First
Residential flat - 2-bed
81.00
(871)
AN INDIVIDUAL
AST from 01/04/2024 at £375 pcm
£4,500
Total
148.56
(1,598)
£4,500
NB: Please note that there is a restriction on funeral use for this property - please see the legal pack for details.
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.
