Auction House London

Lot 28

Commercial Development - Commercial Property 

35B Chalk Hill & 32/34/36 Aldenham Road

Bushey, Hertfordshire, WD19 4BL

Unsold, the last bid was £248,000. Please refer to Auctioneer for Reserve.

A Well Located Commercial Investment and Redevelopment Opportunity Comprising a Parade of Three Ground Floor Shops (Two Vacant) with an Office Above and a Further Shop with Outside Space Offered with Planning Permission to Redevelop into a Shop with a First & Second Floor Duplex Flat Above. One of the Shops and the Office are Both Sold Off on Reversionary Leases with 62 Years Remaining. Under Permitted Development Rules there is Potential to Redevelop the Existing the Shops on Aldenham Road into Residential (subject to obtaining all relevant consents)

Description

Tenure

Freehold

Location

The properties occupy a prominent position in the heart of Bushey on a busy thoroughfare known as Bushey Arches. Other occupiers include established local traders. Transport links are provide by Bushey overground and rail stations which are less than a minute's walk away.

Description (2nd Column)

The properties on Aldenham Road comprise three adjoining terrace buildings arranged to provide three ground floor shops and an office to the first floor. The Chalk Hill property is currently arranged as a single storey end of terrace shop with scope for redevelopment to the first floor and rear.

Third Column

Planning
Watford Borough Council granted the following planning permission (ref: 15/00457/FUL)on 18th May 2015:
"Demolition of existing single storey shop and external unheated wc's. Erection of a two and a half storey building to provide a retail unit at ground floor and a self-contained flat over the first and second floors. Erection of rear external staircase and provision of bin and cycle storage."

Viewing Details

Wednesday 30th March 10:00-10:30
Friday 1st April 11:00-11:30
Wednesday 6th April 10:00-10:30
Friday 8th April 11:00-11:30
Wednesday 13th April 10:00-10:30

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
32 Aldenham Road Ground Shop Area Vacant ERV £4,000
34 Aldenham Road Ground Shop Area Vacant ERV £6,000
36 Aldenham Road Ground

First
Shop t/a Hairdressers

Offices
Sold off on a Lease with 63 years remaining
Sold off on a Lease with 63 years remaining
£50

£60
35b Chalk Hill Ground Shop Area Vacant ERV £10,000

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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