Description
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 5300 sqft of Class A1 and or A2 retail floor space fronting high street with heavy footfall.
The property is bounded by mixed-use properties (shops with residential upper parts both sides). It is a prime commercial pitch opposite the new shopping centre extension with the possibility of a pre-let.
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.
Planning Permission
Planning permission has been granted via Watford Council under the planning reference 18/01084/ FULM for the demolition of the existing buildings and the redevelopment of the site to provide a mixed-use scheme including 29 no. private residential units and 5,300sqft of Class A1 and or A2 retail floor place fronting the High Street.
Financial Contributions
CIL liability for Watford Borough Council: £230,385.00 Community Parking Zone Payment: £2,000
VAT
We are advised that the property is elected for VAT (to be paid by the purchaser).
Tenure
The property is for sale as freehold with vacant possession.
Terms
Offers in-excess of £2,750,000.
Offers will also be considered with our clients retaining the commercial unit to be given back in shell and core condition.
Viewings
The site can be viewed from the public footpath on the high street and to the rear along Wellstones. For internal inspections – viewing days will be arranged strictly by appointment only.
Additional Information
Planning documents floor plans, full pricing schedule & other related documents can be provided in the form of an information pack from a member of the Highfield team, or by clicking here .
