252 St Albans Road, WatfordMixed use for sale

£685,000
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Main Features

  • Freehold for sale
  • Planning permission granted
  • Asset management opportunity
  • Rear access

About this property

Development/Asset management opportunity

Comprising of a large ground floor retail unit with glazed frontage fronting St Albans Road, three bedroom flat above and large yard area with outbuildings accessed off Balmoral Road. The retail unit has been trading for 45 years as a hairdressing Salon which has recently ceased trading and offers internally large shop floor space with staff room and W/C’s to the rear. The flat is accessed internally and offers a kitchen, lounge, bathroom and bedroom to the first floor and a further two bedrooms on the second floor. The outbuildings currently offer storage space and can be accessed from an access road behind the neighbouring properties, with 252 St Albans Road being the last property to access and is gated for additional security.

Prominently positioned on St Albans Road, which is a busy feeder road to Watford Junction Station and Watford Town Centre, with frequent bus routes. The premises are within close proximity of The Dome roundabout where Sainsbury and Asda supermarkets are situated, together with a parade of shops which includes, restaurants, takeaways, convenience stores, hairdressers, etc.

Planning Permission

In December 2019, planning permission was granted for the erection of first floor side/rear extension and internal revisions to existing residential unit and to create 1 no. 2 bed dwelling. The local planning authority is Watford Borough Council and can be found under reference number 19/00634/FUL.. The planning appeal reference number is APP/Y1945/W/19/3236442. Our client has implemented planning permission and has installed part of the new drainage system, no demolition has taken place. The existing flat will be reconfigured to offer access from the rear with a small patio area, open plan living/kitchen/diner, bathroom and two larger bedrooms. The new dwelling will offer kitchen/diner, two bedrooms, large living space and a terrace area. As part of the planning permission there will be 3 parking spaces and a cycle store.

PRICE

 £700,000 for the Freehold interest.

VAT

We understand that VAT is not currently payable on the price.

 

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252 St Albans Road, Watford

£685,000

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