Leisure/hospitality for sale in The Parade, Watford WD17
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Property description
• Watford has been undergoing significant urban regeneration to revitalise the town centre through adoption of a Watford Town Centre Strategic Framework Plan – within which the subject property is identified as presenting an opportunity “to positively sculpt the character of Watford”.
• Highly sought after location with strong occupational interest from a variety of national retailers.
• The building is arranged over basement, ground and two upper floors and presents as a former nightclub (Sui Generis) with prominent high street and corner frontage to High Street.
• The premises benefit from voluminous open areas with excellent floor to ceiling heights throughout.
• Total NIA 47,334 sq ft / gia 57,271 sq ft.
• Full vacant possession due by 5th January 2024.
• Freehold.
• VAT is applicable.
• Unconditional offers sought.
• A full data room is available including surveys, indicative schemes and plans. This is available on request.
We are instructed to guide £6,000,000 (Six Million Pounds) Subject to Contract.
This equates to a very low capital value of £104 psf, significantly below replacement cost.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Estate Office, NW8 on +44 20 7768 1786 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Estate Office, and do not constitute property particulars. Please contact Estate Office 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.