9 Ground Rents, Watford, Greater London

Property Description

• Virtual Freehold Ground Rent Investment in Greater London.
• Comprising 9 flats over first and second floors measuring 7,872 sq.ft.
• Each spacious apartment has been designed to a high specification in a modern style with quality appliances and fittings to the open plan kitchens and living areas.

Location Description

• Watford has a population of some 76,000, is located some 17 miles north-west of Central London. The town enjoys excellent road
  communications via the M25 (Junction 19) and M1 (Junction 5) and regular services to London (Euston) via Watford Junction Rail Station.
• The town offers excellent choices for shopping, eating out and sports activities. Cedar House is a short distance from intu Watford (formerly The Harlequin), Watford’s premier shopping centre, which is has recently undergone a £110m redevelopment and extension.
• The extension will include new fashion and beauty stores, restaurants and a 9-screen IMAX cinema.
• The pedestrianised High Street is the focus of activity both day and night with numerous bars, restaurants and clubs catering to all tastes. Cassiobury Park, 190 acres of parkland to the west of the town centre, is one of the many local amenities that include numerous golf courses and sports clubs. Watford Football Club play in the Premier League.
• Cedar House, being located in the heart of Watford, has the benefit of excellent transport facilities. The M1 and M25 motorways are within a few minutes drive, with direct routes to the airports at Heathrow, Luton and Stansted. Numerous bus services radiate from Watford to surrounding areas and beyond. There are fast mainline rail services for commuting into Central London, whilst the London Overground system is easily accessible and serves other parts of the city.

Tenancy

• Ground rent of £300 per annum for 9 flats, with lease of 993 years remaining.  Fixed total rent of £2,700 per annum without review.
• The Lessees have NOT elected to take up their rights of pre-emption

Additional Notes

• The property is held on a Virtual Freehold lease with 995 years remaining at a peppercorn ground rent.
• The freehold of the land adjoining Arnold House is also included, this is the car parking spaces have been demised to the residential tenant under long leases, title number HD552241
• The head leaseholder has the right to manage the building