Freehold development site with planning for 8 apartments ( 2 x 2 bed, 6 x 1 bed studios)

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Description/Location

The site faces Queens Road and measures approximately 80 ft width x 100 ft depth. Currently occupied on a tenancy at will at a rent of £3000 pm. Planning granted by Watford Borough Council Ref: 21/00102/FUL on 29/03/2021 for demolition of commercial buildings and construction of 8 flats. Ground floor apartments have private gardens.

Tenure

Freehold
Energy Rating: C

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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.