Acquired
Watford – Two Flats & Ground Rent
137/139 St Albans Road, Watford WD17 1RAFreehold Residential & Ground Rent Investment
Tenure
Freehold
Lease Term
12 Months
Years Left on Lease
Holding Over
Area
774 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor shop (sold-off) and 3 residential flats (1 sold-off)
- 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 cafés, barbers and restaurants, amongst others.
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises double fronted ground floor shop (sold-off) and 3 residential flats (1 sold-off). The property benefits from rear courtyard and provides the following accommodation and dimensions:
Ground Floor Shop (No.139): Sold-Off
Rear Ground Floor Flat (No.139A): 36 sq m (387 sq ft)
2 Rooms, Kitchen, Bathroom
First Floor Flat (No. 139B): 36 sq m (387 sq ft)
2 Rooms, Kitchen, Bathroom
First Floor Flat (No.137): Sold-Off*
* Available by separate negotiation
Ground Floor Shop (No.139): Sold-Off
Rear Ground Floor Flat (No.139A): 36 sq m (387 sq ft)
2 Rooms, Kitchen, Bathroom
First Floor Flat (No. 139B): 36 sq m (387 sq ft)
2 Rooms, Kitchen, Bathroom
First Floor Flat (No.137): Sold-Off*
* Available by separate negotiation
Tenancy Description
The ground floor shop has been sold-off on long leasehold for a term of 999 Years from 10th May 2022 at a ground rent of peppercorn.
Flat 139A (ground floor) is at present let on R2R Agreement to S&G Properties Solutions Ltd for a term of 12 Months from 17th February 2023 at a current rent of £12,000 per annum. Deposit held of £1,152.
Flat 139B (first floor) is at present let on R2R Agreement to S&G Properties Solutions Ltd for a term of 12 Months from 17th February 2023 at a current rent of £12,000 per annum. Deposit held of £1,152.
Flat 137 has been sold-off on long leasehold for a term of 125 Years from 14th August 2018 at a ground rent of £250 per annum. Reversion 2143.
Flat 139A (ground floor) is at present let on R2R Agreement to S&G Properties Solutions Ltd for a term of 12 Months from 17th February 2023 at a current rent of £12,000 per annum. Deposit held of £1,152.
Flat 139B (first floor) is at present let on R2R Agreement to S&G Properties Solutions Ltd for a term of 12 Months from 17th February 2023 at a current rent of £12,000 per annum. Deposit held of £1,152.
Flat 137 has been sold-off on long leasehold for a term of 125 Years from 14th August 2018 at a ground rent of £250 per annum. Reversion 2143.
Tenancies & Accommodation
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 cafés, barbers and restaurants, amongst others.
