Digital Sale
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Unit 1, Century Court, Tolpits Lane, Watford, WD18 9RS

Digital Sale
United Kingdom
Apartments (Multiple)
Residential

Asking price £2,750,000

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Property Summary

  • Freehold residential investment
  • Arranged as x12 one bedroom flats
  • Flats benefit from a high quality finish throughout
  • Asset management opportunities
  • Approximately 512 sq m (5,511 sq ft)
  • Currently operated as serviced apartments
  • Producing £135,360 per annum
  • On the instructions of James Liddiment and Paul Greenhalgh of Kroll Advisory acting as Joint LPA Receivers

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Paul Cain
Vendor's Solicitor

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Paul Cain
Vendor's Solicitor

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Property description

The property comprises a former detached office building of modern construction beneath a pitched roof arranged over ground and first floors totalling approximately 512 sq m (5,511 sq ft). The building has been converted under Permitted Development rights to provide x12 one bedroom apartments. Each of the apartments are arranged as a kitchen/living room, bedroom and bathroom with flats 3, 4, 9 and 10 benefitting from ensuite bathrooms as well as separate cloakrooms.

The flats have been finished to a high standard with wooden flooring, LED spotlights, Montpellier appliances (including integrated fridge freezer, washing machine, slimline dishwasher, oven and induction hobs), tiled bathrooms, underfloor heating and an intercom system. The larger flats that benefit from an ensuite also include a cloakroom with additional WC and wash hand basin.

Externally there are 14 car parking spaces on a site extending to approximately 0.11 hectares (0.26 acres).

Further information can be found by clicking here.

Location

Watford lies approximately 18 miles north west of Central London and can be accessed via the A412, A41 and A441. It lies within the M25 motorway, from which it can be accessed via junctions 18, 19 and 20 and the M1 motorway lies approximately 5 miles to the east accessible at junction 5. The area has strong public transport links with nearby Watford Junction railway station providing direct rail services to London Euston with a journey time of approximately 20 minutes. Additionally, Croxley Underground Station lies less than a mile from the property and is serviced by the Metropolitan Line providing direct services to Baker Street and Aldgate and Rickmansworth railway station provides fast trains on the Metropolitan Line reducing journey time by about 15 minutes. Luton Airport and Heathrow Airport are approximately 18 miles to the north and 20 miles to the south respectively. 

Tolpits Lane (A4145) lies about 3 miles south west of the town centre running south from Hagden Lane. The property forms part of a business park on the north side of the road adjacent to Moor Park Industrial Estate. The area is predominantly commercial in nature and to the north of the property is Croxley Common Moor providing 100 acres of protected grassland. Shopping and recreational facilities are provided in nearby Watford (3 miles) and Rickmansworth (2 miles).

Planning

Three Rivers District Council (01923 776611) - www.threerivers.gov.uk

Additional Details

Unit

Floor

Accommodation

Size

Tenancy

Rent (£pa)

1

2

Ground

Ground

Kitchen/living room, bedroom, bathroom

Kitchen/living room, bedroom, bathroom

38 sq m (409 sq ft)

Let to Stonewealth Serviced Apartments Ltd for a term expiring 09/12/2023 (1)

£22,560

3

4

5

8

10

11

12

Ground

Ground

Ground

First

First

First

First

Kitchen/living room, bedroom (ensuite), cloakroom

Kitchen/living room, bedroom (ensuite), cloakroom

Kitchen/living room, bedroom, bathroom

Kitchen/living room, bedroom, bathroom

Kitchen/living room, bedroom (ensuite), cloakroom

Kitchen/living room, bedroom, bathroom

Kitchen/living room, bedroom, bathroom

49 sq m (527 sq ft)

49 sq m (527 sq ft)

38 sq m (409 sq ft)

38 sq m (409 sq ft)

50 sq m (528 sq ft)

38 sq m (409 sq ft)

43 sq m (463 sq ft)

Let to Altoz Serviced Apartments Ltd for a term expiring 09/12/2023 (2)

£78,960

6

Ground

Kitchen/living room, bedroom, bathroom

38 sq m (409 sq ft)

Let to Felix Property Solutions Ltd for a term expiring 09/12/2023 (3)

£11,280

7

9

First

First

Kitchen/living room, bedroom, bathroom

Kitchen/living room, bedroom (ensuite), cloakroom

43 sq m (463 sq ft)

50 sq m (538 sq ft)

Let to Leaf Properties SA Ltd for a term expiring 09/12/2023

£22,560

TOTAL

  

512 sq m (5,511 sq ft)

 

£135,360

(1) The Landlord can serve 28 days' notice at any time

(2) The Landlord or Tenant can serve 60 days' notice at any time

(3) The Landlord can serve 28 days' notice at any time

(4) The Landlord can serve 28 days' notice at any time

VAT

Please refer to Legal Documents

Energy Performance Indicator

Rating 92 Band D


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*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All interested parties must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.