249 St Albans Road
Watford
Hertfordshire
WD24 5SD

Freehold Retail and Residential Investment

  • Densely populated commuter town
  • Shop and self-contained two bedroom flat
  • VAT-free investment
  • Nearby occupiers include William Hill, Boots and Tesco
  • Lot
    13
  • Auction
    28/Mar/2018
  • Rent
    £29,180 per Annum Exclusive
  • Status
    Sold
  • Price*
    £508,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Mapeley
  • 249 St Albans Road<br>Watford<br>Hertfordshire<br>WD24 5SD
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  • Photos
  • Map

Property Information

Location
Miles
1 mile north of Watford town centre, 18 miles north-west of Central London, 8 miles south of St Albans
Roads
A41, A412, A411, M1, M25
Rail
Watford Junction Railway Station
Air
London Heathrow and Stansted Airports
Situation

Watford is a popular commuter town located some 18 miles north-west of Central London. The town has good road communications being 1.5 miles west of M1 (Junction 5), 3 miles south of the M25 (Junction 20) together with regular rail services to London (Euston). The property is located on St Albans Road (A412), in a densely populated residential area, approximately 1 mile north of Watford town centre. The property is situated on St Albans Road, close to its junction with Cecil Street. Watford Junction railway station is located 850 metres to the south. Nearby occupiers include William Hill, Tesco and Boots.

Tenure

Freehold.

Description

The property comprises a ground floor shop with selfcontained residential accommodation above.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
GroundRetail
100.7 sq m
(1,084 sq ft)
WENZEL’S THE
BAKERS LTD (1)
10 years from
01/12/2016
£20,0002021 (2)
FirstResidential
3 Rooms, Kitchen and
Bathroom
INDIVIDUALSAST for 1 year
from
01/12/2017
£9,180
(annualised)
(01/12/2018)
Total Commercial
100.7 sq m
(1,084 sq ft)
  £29,180 

(1) Wenzel’s The Bakers trade from 50 shops (Source: www.wenzels.co.uk). For the year ending 31st March 2017, Wenzel's The Bakers Limited reported a turnover of £17,657,470, pre-tax profits of £2,088,195 and a total net worth of £2,219,093 (Source: Experian Group 08/03/2018).
(2) Tenant’s option to break in 2022 upon 6 months’ prior notice.

Property Documents

  • Site Plan
    Updated Date
    06.03.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    727 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Seller's Solicitors
Irwin Mitchell LLP Bauhaus, Rossetti Place, 27 Quay Street
Manchester
M3 4AW
Paul Barnard 0161 838 3142paul.barnard@irwinmitchell.com  Briana Scally 0161 838 3166briana.scally@irwinmitchell.com

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