249 St Albans Road Watford Hertfordshire WD24 5SD

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
    28th March 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
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  • Photos
  • Map

* More information on the term "guide" can be found here

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 28th March 2018
  • Rent
  • 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

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.

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

EPC

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

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

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
100.7 sq m
(1,084 sq ft)
WENZEL’S THE
BAKERS LTD (1)
10 years from
01/12/2016
£20,000 2021 (2)
First Residential
3 Rooms, Kitchen and
Bathroom
INDIVIDUALS AST 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
    08.11.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    08.11.19
    File Size
    727 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
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

Useful Links

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

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