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- 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
About this property
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.
We understand the property is not elected for VAT.