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129-133 The Parade, Watford

Prominent Retail Parade with Significant Redevelopment Potential
  • Parade of 3 shops and ancillary upper parts ideally located on the pedestrianised High Street in Watford Town Centre.
  • All three units are sold with vacant possession having been recently vacated to allow for redevelopment.
  • The buildings sit between significantly taller properties indicating a redevelopment for at least two additional stories (subject to obtaining the necessary consents).
  • Immediately, the upper parts provide value add potential for residential conversion under Permitted Development Rights.
  • Total Floor Areas 3,557 sq ft NIA (3,860 sq ft GIA).
  • Commercial ERV in the region of £100,000 per annum.
  • Freehold. 

PROPOSAL

Guide Price of £1,250,000, One Million Two Hundred and Fifty Thousand Pounds (Plus VAT) subject to contract.

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