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AGENT'S DETAILS


PROMINENT FREEHOLD OFFICE BUILDING (SUITABLE FOR A VARIETY OF USES)

For sale: £2,500,000.00|To rent: ROA|9096 Sq Ft|Offices, Other commercial, Residential, Retail, Office, General Retail, Leisure Property, Land, Business park, Mixed Use, Other, Licensed & Leisure, Commercial Land, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£2,500,000.00
TO RENTROA
SIZE9096 Sq Ft
ADDRESS2 Regal Way, Watford, WD24 4YJ
TYPEOffices, Other commercial, Residential, Retail, Office, General Retail, Leisure Property, Land, Business park, Mixed Use, Other, Licensed & Leisure, Commercial Land, Other Property Types & Opportunities
TENUREDevelopment Opportunity, Investment Opportunity, To Let, For Sale Freehold, For Sale Leasehold
POSTED ON25th September 2020

DESCRIPTION

0.68 ACRE SITE AREA WITH 38 CAR PARKING SPACES OF INTEREST TO OWNER OCCUPIERS, INVESTORS & DEVELOPERS

Comprises a stand-alone corner building arranged over ground and first
floor, with 38 car parking spaces on a large site area of Approx 0.7 acres.
The offices underwent a Category A fit out back in 2016 that was
designed by Area Squared and benefits from the following :-
• Large site area of 0.68 acres
• CAT 5 cabling throughout
• Mitsubishi air conditioning
• Loading facilities
• 10 New unisex WC’s (6 on the Ground & 4 on the 1st Floor)
• 2 German Kitchens with Siemens Appliances
• Outdoor designed garden with seating for up to 40 people
• Large conference room
• 7 meeting rooms
• Evoke meeting room booking system
• Newly installed Male and Female WC’s
• 5 Persons Passenger Lift (400 Kg)
• Fully Alarmed
• Secure car park for 38 cars

DIMENSIONS: APPROXIMATE GIA
Ground Floor: 4631 Sq.Ft (430 Sq.M)
First Floor: 4465 Sq. Ft (415 Sq. M)
Total: 9096 Sq. Ft (845 Sq. M)

PLANNING: Watford Borough Council have confirmed that the site is suitable for avariety of commercial and employment uses (subject to planning). They would like to see the site further developed.

From 01 September 2020 offices (Use Class B1a) will be incorporated into the new Use Class E. The new Class E (Commercial, Business & Services) includes retail, restaurant, office, financial/professional services, indoor sports, medical and nursery uses along with “any other commercial services”.

OFFICES: The existing building has further scope to add value, by extending outwards into the car parking area and potentially going a storey or two higher (subject to planning). A substantially larger new build office scheme would be looked at favourably by the Council.

There is potential for an additional building at the front section of the
site, subject to planning.

RESIDENTIAL: Recent government policy and the loosening up of the planning
system should further benefit the site.

LOCATION

Location: 2 Regal Way, Watford, WD24 4YJ

Watford (1.5 miles)

Croxley (2.8 miles)

Moor Park (3.4 miles)

Watford North (0.1 miles)

Watford Junction (0.5 miles)

Garston (Hertfordshire) (1.2 miles)

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