Sue Ryder, 24 Langley Road Watford WD17 4PT

Sue Ryder, 24 Langley Road
Watford
WD17 4PT

Freehold Retail and Residential Investment

Shop let to Sue Ryder on a new 10 year lease (no breaks)
Residential development opportunity of upper parts
Planning Consent granted to convert upper parts to 1 x 3 bedroom and 1 x 2 bedroom flats
Six Week Completion

Lot
1
Auction
11th July 2013
Rent
£12,750 per Annum Exclusive
Status
Sold
Price
£395,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of Sue Ryder

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Freehold Retail and Residential Investment

Shop let to Sue Ryder on a new 10 year lease (no breaks)
Residential development opportunity of upper parts
Planning Consent granted to convert upper parts to 1 x 3 bedroom and 1 x 2 bedroom flats
Six Week Completion

Lot 1
Auction 11th July 2013
Rent £12,750 per Annum Exclusive
Status Sold
Price £395,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On Behalf of Sue Ryder

Property Information

Location

Miles: 4.5 miles north-east of Rickmansworth, 7 miles north of Harrow, 20 miles north-west of Central London
Roads: A412, A411, A41, M1 (Junction 5), M25 (Junction 19)
Rail: Watford Junction Railway Station (20 mins to London Euston)
Air: London Heathrow Airport

Situation

The property is prominently located on the north side of the busy Langley Road, a short distance from Watford Town Centre and Watford Junction Station.

Tenure

Freehold.

Location

Miles: 4.5 miles north-east of Rickmansworth, 7 miles north of Harrow, 20 miles north-west of Central London
Roads: A412, A411, A41, M1 (Junction 5), M25 (Junction 19)
Rail: Watford Junction Railway Station (20 mins to London Euston)
Air: London Heathrow Airport

Situation

The property is prominently located on the north side of the busy Langley Road, a short distance from Watford Town Centre and Watford Junction Station.

Tenure

Freehold.

Description

The property comprises ground floor retail and ancillary accommodation and basement ancillary accommodation.

Planning:
In December 2012 Watford Borough Council granted consent under planning application ref 12/01102/FUL for conversion of the self-contained upper parts to 1x3 bedroom and 1x2 bedroom self-contained flats. For more details see the legal pack.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not 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	Review
Basement Ground	Ancillary Retail/Ancillary	80.27 sq m 86.75 sq m	(864 sq ft) (934 sq ft)	SUE RYDER (1)	10 years from completion until 2023 on a full repairing and insuring lease	£12,750	2018
First	Residential	127.79 sq m	(1,376 sq ft)	VACANT POSSESSION
Totals		167.02 sq m	(1,798 sq ft)			£12,750

(1) Sue Ryder is a registered national charity providing health and social care services in local communities. Sue Ryder has more than 9,000 volunteers and is supported through fundraising and retail activities via 350+ outlets nationwide. (Source: www.sueryder.org).