Freehold mixed use building comprising extended, ground floor showroom / workshop (1689 sq ft) with 5 x self contained studio flats above. Let producing £80,040 pa.

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Description/Location

Situated on Watford Road, close to the junction with Sudbury Court Drive. The ground floor is let producing £30,000 pa, the flats are let on individual ASTs at a collective rent of £50,040 pa.

We are advised the property is not elected for VAT.

Tenure

Freehold

Office Contact

Please contact Network Auctions on 020 7871 0420

Accommodation

Ground Floor: Let producing £2500 pm / £30,000 pa. Access to the front and rear. First & Second Floors: Separate ground floor entrance. Flat A. 22/04/2023. £900 pm. Flat B. 20/9/2023. £900 pm. Flat C. 16/04/2023. £980 pm. Flat D. 28/11/2022. £720 pm. Flat E. 18/02/2022. £670 pm.

Rent

Current Rent: £80,400 pa

Virtual Tour

Virtual Tour 203 & 203A Watford Road

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.