340 St. Albans Road, Watford, Hertfordshire, WD24 6PQ
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- FOR SALE BY AUCTION ON THURSDAY 22ND MAY 2025 (unless sold prior)
- High Street Location
- Producing £10,000 per annum
- Gross Yield 11.1%
Description
Located near to the junction with Windsor Road on this retail and commercial artery which is ideal for attracting both local and passing trade and amongst a host of independent traders all serving the surrounding residential population.
Watford North Station (London Northwestern) is approx. ½ mile distant and Watford town centre lies approx. 1¼ miles to the south.
Watford is approx. 16 miles north-west of central London benefitting from good links via the A41 to the M1 (Junction 5) and the M25 (Junction 19).
PROPERTY
Forming part of a retail parade comprising a Ground Floor Shop.
ACCOMMODATION
Ground Floor Shop
Internal Width 8'10"
widening at rear to 10'1"
Shop & Built Depth 31'8"
WC
VAT is NOT applicable to this Lot
TENURE
Leasehold for a term of 999 (less 3 days) years from May 2025 at a peppercorn ground rent.
TENANCY
The property is let on a full repairing and insuring lease to Napolean-Ansah-Djan as an Afro Caribbean Grocery Store for a term of 5 years from 16th July 2024 (in occupation for approx. 10 years) at a current rent of £10,000 per annum exclusive.
There is a £3,750 Rent Deposit held.
Note 1: No. 344 St Albans Road is also being offered for sale in this Auction - see Lot 9.
Note 2: There is a 4 Week Completion
Energy Performance Certificates
EPCBrochures
340 St. Albans Road, Watford, Hertfordshire, WD24 6PQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Watford North Station0.3 miles
- Watford Junction Station0.8 miles
- Garston (Herts) Station1.2 miles
Notes
Disclaimer - Property reference 340StAlbansRoad. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barnett Ross, Barnett Ross. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
Map data ©OpenStreetMap contributors.