Home » Property Search » Auctions » 10/10/16 » 261 High Street, Waltham Cross, Hertfordshire, EN8 7BE

Lot 36 - 261 High Street, Waltham Cross, Hertfordshire, EN8 7BE

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FREEHOLD COMMERCIAL INVESTMENT

Guide price: £225,000 plus *

Auction Date

Monday, 10th October 2016 11:00am

Location & Description

A two storey terraced property comprising a ground floor shop/office with internal and rear access to a first floor office.
On the west side of the High Street in a mixed local parade which includes Ladbrokes and nearby Tesco Express, within close proximity of Theobalds Grove mainline station just north of Winston Church Way (A121) and Monarch's Way.

Accommodation

Ground Floor Shop: 454 sq ft (42.2 sq m)
First Floor Office: 209 sq ft (19.51 sq m)
Kitchen, sep. WC
The entire property is let on a repairing & insuring lease to Anglian Windows Limited (who have been in occupation for 25 years) for 5 years from 29.03.2011 at a rent of £12,000 p.a.

Note

1. A section 25 notice has been served at £22,000 p.a.
2. We understand Anglian Windows want to renew the lease.

EQUIVALENT TO £12,000 p.a.

EPC Rating

On application

Property Features

  • s25 Served at £22,000 p.a.
  • Potential to Extend (Subject to Planning)

Result

Sold for £300,000.

Addendum

There are NEW special conditions with some minor updates and removal of a Buyer's fee.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.