A Commercial & Ground Rent Investment Producing £35,360 per annum.

The property comprises a ground floor public house (A4 use) within a detached building arranged over ground and first floors. The upper parts have been sold off. The property has been recently refurbished to a high standard.

Tenure

Freehold

Location

The property occupies a prominent position opposite the Vicarage Road Stadium (home of Watford FC) in the heart of Watford close to local shops and amenities. The open spaces of Harwoods Recreation Grounds are within easy reach. Transport links are provided by Watford High Street overground station.

Accommodation

Ground Floor Pub Area Bar Kitchen Men's & Women's WC's

Tenancy

The property is subject to an IRI lease to Ten Toes Limited for a term of 25 years (less one day) commencing 4th March 2016 at a rent of £35,000 per annum. The three flats will each be leased back to the seller for nil premium at a rent of £100 per annum. Thus the total income will be £35,300 per annum..

Current Rent Reserved £35,360 per annum

Lot Type

Commercial Investments

Viewing Details

Can be viewed during opening hours.

Addendum

The three residential flats are not sold off. The Special Conditions provide that each will be leased back to the seller on completion for nil premium at a rent of £100 per annum. Thus the total income will be £35,300 per annum.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.