LOT 34

The Plough, 39-41 Park Lane, Waltham Cross, Hertfordshire, EN8 8AB

FREEHOLD PUBLIC HOUSE INVESTMENT WITH PLANNING PERMISSION FOR THREE DWELLINGS (HOUSES)

Guide price: £550,000 PLUS*

Auction Date

Thursday, 28th October 2021 12:00pm

Waltham Cross is a town in the south-east corner of Hertfordshire easily reached from J25 of the M25 and the A10 (Great Cambridge Road). A 2 storey end of terrace public house with flat above on the south side of Park Lane in a mainly residential area. The pedestrianised High Street & indoor shops at the Pavilions shopping centre are a few minutes walk away with numerous national multiple and local retailers including Sainsbury's.

Accommodation

First Floor: Currently used as 2 receptions (1 leading to bathroom/toilet), 2 bedrooms, fitted kitchen
Own garden
Ground Floor: Main bar area 725 sq ft (67.3 sq m) Kitchen, toilets, stores, beer garden, outside stores
Cellar

Tenancy Details

Let on a tenancy at will to D J Stuart (terminable by the landlord serving notice or the tenant vacating) at £192.30 per week.

EQUIVALENT TO £10,000 p.a. WITH PLANNING PERMISSION FOR 3 NEW DWELLINGS (HOUSES)

Planning

GRANTED 24.08.2021 (ref 07/21/0494/F) to convert the pub into 3 INDIVIDUAL DWELLINGS with loft conversions and car parking.

Site Area:

0.08 Acre (0.03 Hectare) or 3,480 sq ft (323 sq m)

(from digital mapping)

EPC Rating

Ground Floor: C & Flat: E

Note

Auction Surveyor: Ian Mann
Contact: 020 8509 4407 ian.mann@strettons.co.uk

Status

Please refer to auctioneer for more information

Addendum

VAT is payable although you may be able to treat it as a TOGC as it is let.

* 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.