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Lot 4 Sold Prior

Auction: Thursday 17th February 2022

482/482a St Albans Road, Watford, Hertfordshire WD24 6QU

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Lot 4

Freehold Commercial/Residential Investment
Gross Yield 8.7%
6 Week Completion

Situation

Located on the St Albans Road (A412) opposite the London Square Development which is currently under construction and will comprise 72 apartments and amongst other such multiples as Papa Johns, William Hill, McDonald's and Kwik Fit. In addition, Watford Town Centre, which includes the Atria Shopping Centre, is approx. 1½ miles distant.
Watford North Station (West Midland Trains) is within ½ a mile of the property and there are good road links via the A41 to the M1 (Junction 5) and the M25 (Junction 19).

Property

A mid terraced building comprising a Ground Floor Shop with separate rear access via a communal balcony to a Self-Contained Flat on the first and second floors. In addition, the property includes a rear hardstanding area for parking 1 car accessed via a side service road and there is a front lay-by area for loading.

VAT is applicable to this Lot

FREEHOLD

Note: The Freehold of No. 482 includes some land to the rear of No. 480 and the Freeholder of No. 480 has the right to park one private motor vehicle on this land.

Enquire about this lot:

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of Nathan Schindler

Nathan Schindler
020 8492 9449
nschindler@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.