Sold Prior to auction, for an undisclosed amount

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Head lease investment producing £1,000 pa (rising) secured against 4 modern commercial units close to Watford town centre.

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Description/Location

Income investment comprising head lease rents secured against the leases of units 1-3 (999 years less one day from 20/05/2011) producing £750 pa rising and unit 4 (999 years less one day from 20/05/2011) producing £250 pa rising. The rent for each unit increases by £250 on every thirty third anniversary. Situated on the ground floor of a modern, 4 storey mixed use building with apartments on the upper floors, located in a central position adjacent to the Intu shopping centre.

Tenure

Leasehold 999 years from 20th May 2011. Peppercorn rent.

Local Authority

Watford Borough Council

Viewing

Please contact Elliott Network Auctions on 01923 240420

Rent

Current Rent Reserved: £1,000 pa

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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.