Rental
properties

Pre-let opportunity 60 High Street Watford WD17 2BS

£140,000

Pre-let opportunity

5,300ft2 of A1/A2 commercial space

Estimated occupation summer 2021

Prime pitch directly opposite INTU shopping centre

A rare opportunity to acquire a prominent commercial space directly on Watford High Street

A 2 minute walk to Watford Station

Lease length subject to negotiation

Each party are to be responsible for their own legal costs incurred throughout this transaction

Offers in excess of £140,000 pax

Description

The ground floor element will be finished to a shell and core condition and will be available for full occupation by summer 2021 with works ongoing relating to the residential element. The site has full planning consent for the demolition of the existing buildings and the redevelopment of the site to provide a mixed use scheme including 29 no. private residential apartments and 5,300ft2 of Class A1 and or A2 retail floor space fronting high street with heavy footfall.

Location

Situated on the former commercial site with ‘The Entertainer’ as a previous tenant, the site is in the immediate proximity to bus and rail links servicing all the towns and villages in the surrounding area as well as convenient direct access to London. A wide range of leisure facilities on the doorstep including Cassiobury Park and Watford Football Club being just a short walk from the site. Watford is a town that sits perfectly within the commuter belt where you are just 20 minutes from the City and 5 minutes from the countryside. Recently the Town Centre has seen a great deal of change to its High Street undergoing a £375 million pounds transformation including the extension of its flagship INTU Shopping Centre, attracting brands such as TGI Fridays, Debenhams, Cineworld IMAX & Hollywood Bowl located just a few yards away from the site.

Access

Viewings to be arranged by sole agents Highfield Investments.

Additional Information

Planning and other related documents will be sent in the form of an information pack that can be requested from a member of the Highfield team.

Rates

We would recommend that interested parties make their own enquiries via the Local Rating Authority.

Lease type

The new lease is available by way of a new effective fully repairing and insuring lease.

Tenure

Leasehold.

Rent

£140,000 pa

Terms

We are inviting offers in excess of £140,000 for the leasehold interest.

Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.