Land for sale in St Albans Road, Watford WD17

Guide price £1,400,000 (£22,131,246.06/ac)
Interested in this property? Call +44 1923 908760 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Land for sale 0.1 ac*
Tenure: Freehold Council tax band: Not available

Property features

  • Niche luxury scheme proposed
  • Planning permission implemented for 14 residential units and 3 commercial units
  • Prominent corner position
  • Opposite Watford Junction
  • Planning permission reference number on Watford Borough Councils website: 17/01104/fulm

Property description

The building currently comprises a detached former Lloyds Bank over two floors with self-contained parking to the rear, accessed off Langley Road. The freehold interest is being sold with vacant possession, with the benefit of the granted planning permission. The premises are currently configured as ground floor retail and with ancillary office space on the first floor.

Planning permission was granted on the 12th February 2019 by the planning inspectorate. The proposed development is to retain the front façade of the building and create a mixed-use scheme which extends over the car park and four storeys above. The scheme will comprise of 3 commercial units with use classes A1/A2/A3, now Class E which also includes other alternative uses and 14 residential units. The scheme provides 2 car parking spaces for the commercial space and a cycle store for the residential. The planning application ref. Number on Watford Borough Council's website is 17/01104/fulm. We believe there are S106 liabilities of £2,350 and cil liabilities of £170,345.65.
We can confirm that 11 conditions were imposed by the planning inspectorate, with condition 10 referring to a construction traffic management plan to be submitted and approved, prior to the commencement of the development. We can confirm this plan has been approved by Hertfordshire County Council Highways and Watford Borough Council.
Watford Borough Council on 17th May 2022 issued a certificate of lawfulness confirming that the development had lawfully began.

We strongly recommend you carry out your own due diligence on these figures and do not rely upon us.

Situated on the edge of leafy Nascot Wood, the site is in a fantastic location sitting on the corner of St Albans Road and Langley Road. Watford Junction is only 200 yards from the location, which offers fast rail connectivity into London Euston and Watford Metropolitan Station is a mile away. Atria Watford Shopping Centre is within walking distance which offers a variety of retail shops and restaurants along with the thriving High Street as well. One of the main business hubs in Watford, Clarendon Road, which is home to tjx Europe and PwC to name a few is located a short walk away as well. The site is also in a key location for key road links as the M25 J19 is 2 miles away and the M1 J5 is 1.87 miles from site.

Niche luxury scheme proposed

Planning permission implemented for 14 residential units and 3 commercial units

Prominent corner position

Opposite Watford Junction

Planning permission reference number on Watford Borough Councils website: 17/01104/fulm

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Perry Holt, WD3 on +44 1923 908760 * (local rate)

Contact Perry Holt about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Perry Holt, and do not constitute property particulars. Please contact Perry Holt for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

12 more properties like this

View all UK commercial properties for sale