House For Sale £1,000,000
Guide Price = £1,000,000+
**For Sale By Public Auction 8th February 2023 09:00 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Freehold Investment Opportunity Comprising Seven Self Contained Flats (5 x Two Bedroom and 2 x One Bedroom) Fully Let on a Guarenteed Rent Agreement Producing £79,200 Per Annum. The Remaining Commercial and Residential Units have been Sold Off on Long Leases.
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Knutsford Playing Fields are within easy reach. Transport links are provided by Watford underground station (Metropolitan line) and Watford Junction rail and overground stations.
Description
The property comprises a substantial corner building arranged to provide seven self-contained flats arranged over the first, second and third floors. Additionally the lot includes two ground floor shops, first floor offices and five second floor flats all sold off on long leases at peppercorn ground rents.
Exterior
The property has an underground car park and a forecourt to the rear (sold off).
Note
We understand from the vendor that Section 20 notices have been served on the leaseholders for repairs on the building. Buyers should refer to the legal pack for more information.
Further Information
The seven flats that are rented out on a guaranteed rent scheme are held under seven separate leasehold titles. The rest of building is under one freehold title.
Viewing Schedule (No Booking Required)
**For Sale By Public Auction 8th February 2023 09:00 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Freehold Investment Opportunity Comprising Seven Self Contained Flats (5 x Two Bedroom and 2 x One Bedroom) Fully Let on a Guarenteed Rent Agreement Producing £79,200 Per Annum. The Remaining Commercial and Residential Units have been Sold Off on Long Leases.
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Knutsford Playing Fields are within easy reach. Transport links are provided by Watford underground station (Metropolitan line) and Watford Junction rail and overground stations.
Description
The property comprises a substantial corner building arranged to provide seven self-contained flats arranged over the first, second and third floors. Additionally the lot includes two ground floor shops, first floor offices and five second floor flats all sold off on long leases at peppercorn ground rents.
Exterior
The property has an underground car park and a forecourt to the rear (sold off).
Note
We understand from the vendor that Section 20 notices have been served on the leaseholders for repairs on the building. Buyers should refer to the legal pack for more information.
Further Information
The seven flats that are rented out on a guaranteed rent scheme are held under seven separate leasehold titles. The rest of building is under one freehold title.
Viewing Schedule (No Booking Required)
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