Available
Watford – 2-Bed Flat
137 St Albans Road, Watford WD17 1RALeasehold Residential Investment
Price
£375,000
Rent P.A.
£30,000
Yield
8.00%
Tenure
Leasehold
Lease Term
3 Years
Years Left on Lease
5m
Area
807 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises 2-bed apartment with study room arranged over first and second floor
- Situated within short walk from Watford Rail Station which provides direct links to London Euston every 5-10 minutes during peak hours
- Occupiers close by include local cafes, barbers and restaurants, amongst others.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises first and second floor self-contained flat, accessed via private entrance from St Albans Road and providing the following accommodation and dimensions:
First Floor: Kitchen, Living/Dining Room, Bedroom, Study, Bathroom
Second Floor: Large Bedroom, Bathroom
Total area size: 75 sq m (807 sq ft)
First Floor: Kitchen, Living/Dining Room, Bedroom, Study, Bathroom
Second Floor: Large Bedroom, Bathroom
Total area size: 75 sq m (807 sq ft)
Tenancy Description
The property is at present let on Common Law Tenancy Agreement to Aston Pearl Ltd for a term of 3 Years from 8th January 2024 at a current rent of £30,000 per annum.
Tenure:
Long Leasehold. Held for a term of 125 Years from 14th August 2018 at a ground rent of £250 per annum. Reversion 2143.
Tenure:
Long Leasehold. Held for a term of 125 Years from 14th August 2018 at a ground rent of £250 per annum. Reversion 2143.
Tenancies & Accommodation
Location Description
Watford is a town and borough in Hertfordshire, England, 15 mi (24 km) northwest of Central London, on the River Colne. The property is situated on St Albans Road, within short walk from Watford Rail Station which provides direct links to London Euston every 5-10 minutes during peak hours. Occupiers close by include local cafes, barbers and restaurants, amongst others.