Auction House London

Lot 66

Retail Property (high street) - Commercial Property 

Unit 2 Chiltern Court

1 Marri Street, Watford, Hertfordshire, WD24 5FZ

£325,000+

Guide Price (plus fees)

A Vacant Ground Floor Commercial Unit Measuring Approximately 210 sq m (2,262 sq ft) Offered With Planning Permission to Add an Internal Staircase and Convert the Mezzanine Floor to Provide a One Bedroom Flat

Description

The property comprises a ground floor retail unit situated within a new build development below 146 residential units.

Tenure

Leasehold. The property is held on a 999 year lease from 1st January 2019 (thus approximately 995 years unexpired).

Location

The property is situated in the heart of Watford Junction on a mixed use road opposite the Berkeley Homes regeneration scheme of 1,213 homes, primary school, nursery and public square. The open spaces of Cassiobury Park are within easy reach. Transport links are provided by Watford Junction overground and rail station which is just a short walk away.

Accommodation

Ground Floor
Commercial Unit
G.I.A Approximately 1,702 sq ft

Mezzanine Floor
G.I.A Approximately 560 sq ft

Planning

Watford Borough Council granted the following planning permission (ref: 21/01234/FUL) on 14th 23rd September 2021: 'Proposal to change an area of commercial mezzanine space to a 1 bedroom residential flat and recessed private amenity space within the consented and substantially complete development at 149a,149b and land to the rear of 147 St Albans Road'
as well as also granting ''Non - material amendment to planning permission 21/01234/FUL for change of access by introducing a new door on the ground floor and addition of a private staircase'' (ref: 23/00276/NONMAT) on the 14th April 2023.

Proposed Accommodation

Ground Floor
Commercial Unit
G.I.A Approximately 1,569 sq ft

Mezzanine Floor
Reception Room
Kitchen
Bedroom
Bathroom
G.I.A Approximately 774 sq ft

EPC Rating

A

Addendum

For the avoidance of doubt, the unit currently measures 2,262 sq ft and not as previously stated.

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 Unit 2 Chiltern Court, 1 Marri Street, Watford, Hertfordshire, WD24 5FZ

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