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.

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.

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.

Exterior

The property has an underground car park and a forecourt to the rear (sold off).

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.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.