478 & 478a St. Albans Road, Watford, Hertfordshire WD24 6QU

A 2 storey, mixed use investment comprising ground floor retail premises (260 sqm / 2799 sq ft, source EPC) and a large 3 bedroom flat above (90 sqm / 969 sq ft, source EPC).

The ground floor is let on FRI terms until 18/12/2029 producing £21,000 pa. The flat is sold off on a long lease until 29/03/2141 producing £250 pa ground rent. We refer bidders to the legal pack for a schedule of leases.

There is a parking space to the rear.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of £2,700 inc. VAT

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.