Retail let to Ladbrokes Betting & Gaming Limited until 2026 (subject to option)
Valuable reversion of 2 bed residential flat with 68 years unexpired
Affluent London commuter location
Nearby occupiers include Boots Pharmacy and Post Office
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 1
Auction 8th December 2016
Rent £12,530 per Annum Exclusive
Status Sold
Price £206,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3 miles south of Hemel Hempstead, 18 miles south-west of St Albans, 26 miles north-west of Central London
Roads
M1, M25, A41
Rail
Kings Langley Railway Station (27 Mins to London Euston)
Air
London Heathrow Airport, London Luton Airport
Situation
Kings Langley is an affluent and historic London commuter village situated some 3 miles south of Hemel Hempstead. The property is situated on the west side of Hempstead Road close to Vicarage Lane, in the heart of Kings Langley. Nearby occupiers include Boots Pharmacy and Post Office.
Tenure
Freehold.
Location
Miles
3 miles south of Hemel Hempstead, 18 miles south-west of St Albans, 26 miles north-west of Central London
Roads
M1, M25, A41
Rail
Kings Langley Railway Station (27 Mins to London Euston)
Air
London Heathrow Airport, London Luton Airport
Situation
Kings Langley is an affluent and historic London commuter village situated some 3 miles south of Hemel Hempstead. The property is situated on the west side of Hempstead Road close to Vicarage Lane, in the heart of Kings Langley. Nearby occupiers include Boots Pharmacy and Post Office.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with a self-contained two bedroom residential flat on the first floor accessed to the rear of the property.
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 ground floor retail accommodation with a self-contained two bedroom residential flat on the first floor accessed to the rear of the property.
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)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground
Retail
81.50 sq m
(877 sq ft)
LADBROKES BETTING & GAMING LIMITED (1)
15 years from 24/06/2011 on a full repairing and insuring lease (2)
£12,500 (3)
24/06/2021 (23/06/2026)
First
Residential
2 bed flat
99 years from 04/01/1985
£30
(03/01/2084)
Total Commercial Area
81.50 sq m
(877 sq ft)
£12,530
(1) For the year ending 31st December 2014, Ladbrokes Betting & Gaming Limited reported a turnover of £824,322,000, pre-tax profits of £57,141,000 and a total net worth of £1,096,567,000. (Source: www.riskdisk.com 17/10/2016). (2) The lease provides for a tenant option to determine the lease on 23/06/2021. (3) The tenant is currently paying the rent monthly.