Arliss Court 24 Clarendon Road Watford Herts WD17 1JY

Arliss Court
24 Clarendon Road
Watford
Herts
WD17 1JY

Freehold Office Investment

  • Approximately 1,835 sq m (19,752 sq ft) Multi Let Office Accommodation
  • Prominent corner position opposite Jury’s Hotel
  • Adjacent to Watford Palace Theatre and Watford Market
  • Permission for property to be used as 34 self-contained flats
  • Lot
    7
  • Auction
    9th July 2014
  • Rent
    £117,865 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Office
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
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* More information on the term "guide" can be found here

Freehold Office Investment

  • Approximately 1,835 sq m (19,752 sq ft) Multi Let Office Accommodation
  • Prominent corner position opposite Jury’s Hotel
  • Adjacent to Watford Palace Theatre and Watford Market
  • Permission for property to be used as 34 self-contained flats
  • Lot 7
  • Auction 9th July 2014
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Office
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
10 miles south of Hemel Hempstead, 20 miles east of High Wycombe, 21 miles north-west of Central London
Roads
A41, M1, M25
Rail
Watford Underground (Metropolitan Line), Watford High Street
Overground and Watford North Rail
Air
Heathrow
Situation

The property is situated in a prominent corner location on the southern side of Beechen Grove (A411) at its junction with Clarendon Road. The property is located adjacent to Watford Palace Theatre and Watford Market and within close proximity of Intu Shopping Centre, Jury’s Hotel, T J Hughes Department Store and Sainsburys Superstore.

Tenure

Freehold.

Location
Miles
10 miles south of Hemel Hempstead, 20 miles east of High Wycombe, 21 miles north-west of Central London
Roads
A41, M1, M25
Rail
Watford Underground (Metropolitan Line), Watford High Street
Overground and Watford North Rail
Air
Heathrow
Situation

The property is situated in a prominent corner location on the southern side of Beechen Grove (A411) at its junction with Clarendon Road. The property is located adjacent to Watford Palace Theatre and Watford Market and within close proximity of Intu Shopping Centre, Jury’s Hotel, T J Hughes Department Store and Sainsburys Superstore.

Tenure

Freehold.

Description

The property comprises a six storey office building benefitting from car parking for approximately 8 cars.

Planning
Under the Town and Country Planning Act 1990, the freeholder has secured a determination under Class J of Schedule 2 Part 3 of the Town and Country Planning (General Permitted Development) Order 1995 for the change of use of all 6 floors from existing offices to 34 self-contained flats. For further information, please refer to the legal pack.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a six storey office building benefitting from car parking for approximately 8 cars.

Planning
Under the Town and Country Planning Act 1990, the freeholder has secured a determination under Class J of Schedule 2 Part 3 of the Town and Country Planning (General Permitted Development) Order 1995 for the change of use of all 6 floors from existing offices to 34 self-contained flats. For further information, please refer to the legal pack.

VAT

VAT is 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) Tenant Term Rent p.a.x (gross) Reversion
Part Ground Office
232.91 sq m
(2,507 sq ft)
INGEUS UK LIMITED 5 years from 04/11/2011 (1) £31,338 03/11/2016
Part Ground Office
92.90 sq m
(1,000 sq ft)
CORPORATE FINANCIAL MANAGEMENT SYSTEMS LIMITED 5 years from 31/03/2014 (2) £12,000 (3) 29/04/2019
First Office
325.90 sq m
(3,508 sq ft)
SEETEC BUSINESS TECHNOLOGY CENTRE LIMITED 5 years from 01/05/2013 (4) £50,900 30/04/2018
Part Second Office
221.48 sq m
(2,384 sq ft)
VACANT POSSESSION      
Part Second Office
111.11 sq m
(1,196 sq ft)
LASERFICHE UK SERVICES LIMITED 5 years from 15/08/2011 £14,352 14/08/2016
Part Third Office
68.93 sq m
(742 sq ft)
ITSS RECRUITMENT LIMITED 3 years from 04/03/2012 £9,275 03/03/2015
Part Third Office
265.33 sq m
(2,856 sq ft)
SERVICED OFFICES OPERATED BY REGUS (5)
Fourth Office
334.35 sq m
(3,599 sq ft)
SERVICED OFFICES OPERATED BY REGUS (5)
Fifth Office
182.09 sq m
(1,960 sq ft)
VACANT POSSESSION      
Totals  
1,835.00 sq m
(19,752 sq ft)
    £117,865  

(1) The lease to Ingeus UK Limited provides a tenant’s option to determine on the second (now lapsed) and fourth anniversaries of the term, subject to 6 months
notice. If the break is not exercised then the tenant will benefit from a rent free period from 4th November 2015 until 3rd April 2016.
(2)The lease to Corporate Financial Management Systems Limited provides a tenant option to determine on the third anniversary of the term, subject to a payment of £6,000.
(3)For the purposes of clarification, the current rent for the Corporate Financial Management Systems Limited lease is £6,000 p.a.x. rising to £12,000 p.a.x. from 31/03/2017. The seller has agreed to adjust the completion monies so that the unit effectively produces £12,000 p.a.x. from completion of the sale.
(4)The lease to Seetec Business Technology Centre Limited provides a tenant option to determine on 30th April 2016, subject to 6 months notice.
(5)There is a management contract in place for part third and fourth floors which are run as serviced offices by Regus. A copy of the management agreement, which can be terminated at any time by either party upon 9 months notice, is available for inspection. Please refer to the auctioneers for further details.

Property Documents

  • Catalogue Page
    Updated Date
    17.06.14
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    17.06.14
    File Size
    83 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Shepherd & Wedderburn Condor House, 10 St.Paul's Churchyard
London
EC4M 8AL
Jane Graham 0207 429 4964jane.graham@shepwedd.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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