Guide price
£4,000,000
(£104.77/sq. ft)
Leisure/hospitality for saleThe Parade, Watford WD17
45,616 sq. ft
About this property
• Centrally located in Watford Town Centre, less than a mile from both Watford Junction (Overground) and Watford (Metropolitan line) Underground stations.
• Watford is undergoing revitalisation of the town centre through adoption of a Watford Town Centre Strategic Framework Plan – within which the subject property opportunity “to positively sculpt the character of Watford”.
• The building is arranged over basement, ground and two upper floors and presents as a former nightclub (Sui Generis) with corner frontage to High Street.
• The premises benefit from voluminous open areas with excellent floor to ceiling heights throughout.
• Total gia 45,616 sq ft.
• VAT is applicable.
• Unconditional offers sought on a freehold or leasehold basis.
Occupational Leasehold
Rent & terms on a new lease basis upon application.
Guide Price
We are instructed to guide £4,000,000 (Four Million Pounds) subject to contract. This equates to a very low capital value of £87 psf, significantly below replacement cost.
• Watford is undergoing revitalisation of the town centre through adoption of a Watford Town Centre Strategic Framework Plan – within which the subject property opportunity “to positively sculpt the character of Watford”.
• The building is arranged over basement, ground and two upper floors and presents as a former nightclub (Sui Generis) with corner frontage to High Street.
• The premises benefit from voluminous open areas with excellent floor to ceiling heights throughout.
• Total gia 45,616 sq ft.
• VAT is applicable.
• Unconditional offers sought on a freehold or leasehold basis.
Occupational Leasehold
Rent & terms on a new lease basis upon application.
Guide Price
We are instructed to guide £4,000,000 (Four Million Pounds) subject to contract. This equates to a very low capital value of £87 psf, significantly below replacement cost.
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Monthly repayment
£20,009 per month
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