Hairdresser / Barber Shop for sale

139 St. Albans Road, Watford, Hertfordshire, WD17 1RA

Fixed Price £165,000
409 sq. ft.

Property Description

Commercial information

  • 409 sq ft (37 sq m)
  • Use class orders: A1 Shops

Key features

  • Ground Floor Shop Investment
  • VAT is NOT applicable to this property
  • 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.

Full description

Tenure: Leasehold, 999 years remaining

Investment Consideration:
Gross Initial Yield: 5.45%
Rental Income: £9,000 p.a.
VAT is NOT applicable to this property
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.

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:
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.

Location:
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.


More information from this agent

Nearest stations

  • Watford Junction (0.2 mi)
  • Watford North (0.8 mi)
  • Watford High Street (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Blue Alpine , London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

020 8012 6273 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Watford Junction (0.2 mi)
  • Watford North (0.8 mi)
  • Watford High Street (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Blue Alpine , London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

020 8012 6273 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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