Acquired
Watford – Hair Salon
139 St Albans Road, Watford WD17 1RAWell Located Virtual Freehold Shop Investment
Tenure
Leasehold
Lease Term
3 Years
Years Left on Lease
Holding Over
Area
409 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Leasehold. To be held on a new 999 year lease from completion at a fixed ground rent of a peppercorn.
- Commercial unit let to Fatou Faal t/a Hair Salon on a lease expiring 2023
- Occupiers close by include local cafes, barbers, restaurants, amongst others.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property is arranged as a Ground Floor Shop which forms part of a larger building, the remained of which is not included in the sale (but could be available by separate negotiation).
Tenancy Description
The ground floor shop is at present let to Fatou Faal t/a Hair Salon for a term of 3 years from 24th June 2020 at a current rent of £9,000 per annum. The lease contains full repairing and insuring covenants. The lease is contracted out of the security of tenure provisions of the Landlord & Tenant Act 1954 part II. Rent deposit is held of £1,500.
Tenancies & Accommodation
Location Description
Situated on St Albans Road, Watford close to Watford Junction network rail station between Park Road and Langley Road. Occupiers close by include local cafes, barbers, restaurants, amongst others.