Auction House London

Lot 32

Commercial Property - Commercial Property 

The Red Lion Pub

105 Vicarage Road, Watford, Hertfordshire, WD18 0EY

Sold for an undisclosed amount

A Commercial & Ground Rent Investment Producing £35,360 per annum.

Description

The property comprises a ground floor public house (A4 use) within a detached building arranged over ground and first floors. The upper parts have been sold off. The property has been recently refurbished to a high standard.

Tenure

Freehold

Location

The property occupies a prominent position opposite the Vicarage Road Stadium (home of Watford FC) in the heart of Watford close to local shops and amenities. The open spaces of Harwoods Recreation Grounds are within easy reach. Transport links are provided by Watford High Street overground station.

Tenancy

The property is subject to an IRI lease to Ten Toes Limited for a term of 25 years (less one day) commencing 4th March 2016 at a rent of £35,000 per annum.

The three flats will each be leased back to the seller for nil premium at a rent of £100 per annum. Thus the total income will be £35,300 per annum..

Accommodation (2nd Column)

Ground Floor
Pub Area
Bar
Kitchen
Men's & Women's WC's

Viewing Details

Can be viewed during opening hours.

Bold Black Text

Current Rent Reserved £35,360 per annum

Addendum

The three residential flats are not sold off. The Special Conditions provide that each will be leased back to the seller on completion for nil premium at a rent of £100 per annum. Thus the total income will be £35,300 per annum.

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.

Guides 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. Each 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.

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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Enquire about The Red Lion Pub, 105 Vicarage Road, Watford, Hertfordshire, WD18 0EY

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