146 High Street Watford Hertfordshire WD17 2EN

146 High Street
Watford
Hertfordshire
WD17 2EN

Freehold Retail Investment

Let to Vooty Limited, with 2 personal guarantors until 2038 (3)
Comprises a Ground floor Retail unit with Residential Development Potential of upper parts (Subject to Consents)
Close to the 140 unit Atria Shopping Centre.
Neighbouring occupiers include Boots the Chemist, Nando's and McDonald's.

Lot
30
Auction
27th March 2025
Rent
£39,000 per Annum Exclusive
Status
Available
Guide*
£480,000 - £500,000
Auction Venue
Live Streamed Auction
Octopus Bridging Loan for Buyers
To be confirmed

Interested?

Expand
Photos
Map

Freehold Retail Investment

Let to Vooty Limited, with 2 personal guarantors until 2038 (3)
Comprises a Ground floor Retail unit with Residential Development Potential of upper parts (Subject to Consents)
Close to the 140 unit Atria Shopping Centre.
Neighbouring occupiers include Boots the Chemist, Nando's and McDonald's.

Lot 30
Auction 27th March 2025
Rent £39,000 per Annum Exclusive
Status Available
Guide* £480,000 - £500,000
Sector
Retail, High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 17.5 miles north-west of Central London
Roads: A411, M1 (Junction 5), M25 (Junction 19)
Rail: Watford High Street Overground Station
Air: London Heathrow Airport

Situation

The property is situated in a prominent location on the southern side of the High Street, close to the main entrance to the 140 unit Atria Shopping Centre, with retailers including Apple, Boots, B&M, Boss, Burger King, Cineworld, EE, Flannels, H&M, M&S and Zara. Other nearby occupiers include Boots the Chemist, Nando's and McDonald's.

Tenure

Freehold.

Location

Miles: 17.5 miles north-west of Central London
Roads: A411, M1 (Junction 5), M25 (Junction 19)
Rail: Watford High Street Overground Station
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a majority single storey Retail building with a small area of storage on the first floor. The property may benefit from long term Residential Development Potential of upper parts, subject to obtaining the required Consents).

VAT

VAT is not applicable to this lot.

Note

The property may benefit from residential development above the ground floor as similar to what has been granted at 146A, subject to obtaining the necessary Consents. The adjoining unit at 146A has been granted planning consent by Watford Council under planning reference 23/01039/FUL for the erection of first and second floors to provide one self-contained residential unit.

Completion Period

6 Week Completion

EPC

Band C

Description

VAT

VAT is not applicable to this lot.

Note

Completion Period

6 Week Completion

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
Ground First	Retail Ancillary	172.70 13.30	1859 143	VOOTY LIMITED (CRN: 11632049) on Assignment and with 2 personal guarantors (3)	30 years from 07/07/2008 (3)	£39,000	7th July 2028 and 2033. (06/07/2038)
Total Approximate Floor Area		186 (2)	2002 (2)			£39,000

(1) The lease provides for an open market rent review on the 7th July 2028 and 2033
(2) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/17583017#valuation-tab)
(3) The property is let to Vooty Limited (CRN11632049) on Assignment by virtue of a lease for a term of 20 years from 7th July 2008 until 6th July 2028 and a Reversionary lease for a term of 10 years from 7th July 2028. The Landlord is holding a rent deposit of £19,500, equivalent to 6 months rent.

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.