Available
Watford – Two 2 Bedroom First Floor Flats
138A-140A St Albans Road, Watford, Hertfordshire WD24 4FTTwo Leasehold Self-Contained First Floor Flats
Price
£525,000
Rent P.A.
£30,000
Yield
5.71%
Tenure
Leasehold
Lease Term
12 Months
Years Left on Lease
Holding Over
Area
1,410 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises two first floor self-contained flats situated within a mid-terrace building
- Leasehold. The property is held on a single lease for a term of 125 years from 24th June 1999 (thus having approximately 101 years unexpired) at a current ground rent of £100 per annum.
- Situated on the east side of St Albans Road (A412), to the south of its junction with Brixton Road
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property comprises two first floor self-contained flats situated within a mid-terrace building arranged over ground and first floors beneath a pitched roof.
The property provides the following accommodation and dimensions:
First Floor Flat (138a): 65 sq m (700 sq ft)
First Floor Flat (140a): 66 sq m (710 sq ft)
The property provides the following accommodation and dimensions:
First Floor Flat (138a): 65 sq m (700 sq ft)
First Floor Flat (140a): 66 sq m (710 sq ft)
Tenancy Description
Flat 138a is at present let on an AST to an Individual for a term of 12 Months from 1st October 2023 at a current rent of £15,000 per annum. Deposit held of £1,050. Flat 138b is at present let on an AST to an Individual for a term of 12 Months from 4th August 2022 at a current rent of £15,000 per annum. Deposit held of £1,250.
Tenure:
Leasehold. The property is held on a single lease for a term of 125 years from 24th June 1999 (thus having approximately 101 years unexpired) at a current ground rent of £100 per annum.
Tenure:
Leasehold. The property is held on a single lease for a term of 125 years from 24th June 1999 (thus having approximately 101 years unexpired) at a current ground rent of £100 per annum.
Tenancies & Accommodation
Location Description
The property is situated on the east side of St Albans Road (A412), to the south of its junction with Brixton Road. Local shops are available, with the further and more extensive facilities of Watford town centre and the Intu Shopping Centre also being accessible. Local bus routes run along St Albans Road (A412) and rail and London Overground services run from Watford Junction Station, providing access into Central London. St Albans Road provides access to both the A41 and A405 and in turn the M1 Motorway. The open spaces of Cassiobury Public Park are within reach.
