Indicative Visualisation
Land at 105 Vicarage Road, Watford, Hertfordshire WD18 0EY Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk Land at 105 Vicarage Road, Watford, Hertfordshire WD18 0EY
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
SUMMARY
• Vacant and cleared site of approximately 0.12 acres
• Planning permission for a new build scheme comprising 8 x 1 bedroom residential apartments for private sale totalling 4,460ft2
• Popular location within 0.6 miles of Watford High Street Overground station providing access to Central London in approximately 26 minutes
• Offers invited in the region of £1,000,000 for the freehold interest www.kingsbury-consultants.co.uk Land at 105 Vicarage Road, Watford, Hertfordshire WD18 0EY
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
DESCRIPTION
The existing property comprises a cleared, vacant and broadly rectangular site extending to approximately 0.12 acres.
The property was formerly the beer garden of the Public House to the north-east along Vicarage Lane.
The site is accessed directly from Vicarage Road and is bounded by residential properties to the north and west, with Vicarage Road stadium (home ground of Watford FC) positioned directly opposite.
LOCATION
The property occupies a prominent position on Vicarage Road in Watford, a popular Hertfordshire town located approximately 17 miles north-west of Central London.
The immediate area comprises a mix of residential and commercial uses. Watford town centre is approximately 0.5 miles from the site, offering numerous shops, restaurants and amenities.
Transport links are excellent, with Watford High Street Station (Overground) being approximately 0.6miles from the property, providing links to London Euston in 26 minutes. There is a planned extension to the existing Metropolitan Line at Croxley and the new station will be positioned on Vicarage Road, providing direct links to Baker Street in 50 minutes. www.kingsbury-consultants.co.uk Land at 105 Vicarage Road, Watford, Hertfordshire WD18 0EY
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
DEVELOPMENT POTENTIAL PROPOSED ACCOMMODATION SCHEDULE The property benefits from detailed planning permission, granted at Appeal on 21st November 2016 under reference APP/Y1945/W/16/3151749, for the construction of two new buildings to provide 8 x 1 bedroom self-contained flats and associated landscaping.
The planning consent is subject to a Community Infrastructure Levy liability of approximately Unit Floor Description GIA ft2 GIA m2 £41,920. There are no Section 106 obligations. 1 Ground 1 Bedroom Apartment 564 52.4 The residential units will all be for private sale with no requirement for Affordable Housing.
The online planning application can be found here. 2 Ground 1 Bedroom Apartment 564 52.4
3 First 1 Bedroom Apartment plus Balcony 538 50.0 Existing Site Plan
4 First 1 Bedroom Apartment plus Balcony 564 52.4
5 Ground 1 Bedroom Apartment 564 52.4
6 Ground 1 Bedroom Apartment 564 52.4
7 First 1 Bedroom Apartment 538 50.0
8 First 1 Bedroom Apartment 564 52.4
Total 4,460 414.4 www.kingsbury-consultants.co.uk Land at 105 Vicarage Road, Watford, Hertfordshire WD18 0EY
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
TENURE
The property will be sold freehold and subject to vacant possession on completion.
VAT
We understand the property is not elected for VAT.
TERMS
Offers are invited in the region of of £1,000,000.
ADDITIONAL INFORMATION
Further information including approved planning documents can be downloaded from our dataroom using the password ‘Vicarage’.
CONTACT To discuss any aspect of the property of disposal process, please contact the sole selling agents:
Paul Heale 020 7183 2529 [email protected]
Jordan Oldfield 020 7183 2529 [email protected]
Kingsbury 1st Floor, 81 Alie Street, London E1 8NH
Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or Indicative Visualisation lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.