Available
Watford – 2-Bed Flat
137 Albans Road, Watford WD17 1RALeasehold Residential Investment
Price
£350,000
Rent P.A.
Vacant
Tenure
Leasehold
Area
807 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Vacant possession
- ERV: £36,000 p.a. GIY: 10.29%
- ERV based on a short-term let rates
- Property currently operated on short-term letting generating £3,000 pcm on average
- Comprises 2-bed apartment with study room
- VAT is NOT applicable to this property
- Situated within short walk from Watford Rail Station which provides direct links to London Euston every 5-10 minutes during peak hours
- Occupiers close by include local cafes, barbers and restaurants, amongst others.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises first and second floor self-contained flat, accessed via private entrance from St Albans Road and providing the following accommodation and dimensions:
First Floor: Kitchen, Living/Dining Room, Bedroom, Study, Bathroom
Second Floor: Large Bedroom, Bathroom
Total area size: 75 sq m (807 sq ft)
First Floor: Kitchen, Living/Dining Room, Bedroom, Study, Bathroom
Second Floor: Large Bedroom, Bathroom
Total area size: 75 sq m (807 sq ft)
Tenancy Description
Tenure:
Long Leasehold. Held for a term of 125 Years from 14th August 2018 at a ground rent of £250 per annum. Reversion 2143.
Long Leasehold. Held for a term of 125 Years from 14th August 2018 at a ground rent of £250 per annum. Reversion 2143.
Location Description
Watford is a town and borough in Hertfordshire, England, 15 mi (24 km) northwest of Central London, on the River Colne. The property is situated on St Albans Road, within short walk from Watford Rail Station which provides direct links to London Euston every 5-10 minutes during peak hours. Occupiers close by include local cafes, barbers and restaurants, amongst others.