Acquired
Watford – Two Leasehold Self-Contained First Floor Flats
138A-140A St Albans Road, Watford, Hertfordshire WD24 4FTTwo Leasehold Flats
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 104 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
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
The first floor residential flat 138a is at present let on an AST to an individual for a term of 12 months from 30th September 2019 at a current rent of £13,200 per annum. The first floor residential flat 140a is at present let on an AST to an individual for a term of 12 months from 20th April 2019 at a current rent of £12,600 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.
