Parking for auction in Watford

Description

The majority of the bays are located in the under-croft parking garage, a secure (fob entry) environment.

The flats at Rembrandt House, adjacent properties with no parking and proximity to the Metropolitan Line Station, football ground and hospital mean there is great potential for rental income or re-sales. www.justpark.com lists parking nearby at up to £21 per space, per day.

We are advised the service charges are circa £95 pa per space, we refer bidders to the legal pack for details.

The parking bays will be transferred by way of a new 999-year underlease of a nominal demise granted in connection with the right to use 16 parking spaces, subject to service charge provisions relating to those spaces.

Tenure

Leasehold

Occupancy

Vacant posession upon completion

Costs

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

General

Note
Please be advised that [OPTIONAL: whilst our joint agent has conducted an inspection,] the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.