Koopmans 34a Watling Street, Radlett Hertfordshire WD7 7NN T. 01923 853 749 F. 01923 854 493 E. [email protected] www.koopmans.co.uk
CONWAY HOUSE, WATLING STREET, RADLETT, HERTS
DEVELOPMENT OPPORTUNITY OF PROMINENT SITE
FOR SALE
FREEHOLD
Acquisitions I Disposals I Rent Review I Lease Renewals I Property Management I Service Charges
A firm of Chartered Surveyors registered in England at 35 Ballards Lane, London N3 1XW. Company No 1770513 VAT No 341 5727 63 Koopmans is a trading name of Directland Ltd. Director: P B Koopman MRICS Company Secretary: J Koopman
Regulated by RICS
SUMMARY
The subject property currently comprises a restaurant on ground floor and 2Nos three bedroom flats on first and second floors. There is a side access and two driveways which are currently used for car parking.
Planning consent has been granted by Hertsmere Borough Council for the alteration and extension of the property to provide an extended restaurant (A3 use) on ground floor which has the benefit of an outdoor seating area plus 6Nos one bedroom and 2Nos studio flats on the upper floors.
The property will be sold with vacant possession.
Guide price of £1.5 million, subject to contract.
Full details including planning consent, documents and drawings as well as Energy Performance Certificates can be viewed at https://www.dropbox.com/sh/6sk3crkwd7x90bk/CdHn_tk3dW/Conway%20House%2C% 20Watling%20Street%2C%20Radlett
LOCATION
Radlett is an affluent commuter village situated between Watford and St Albans. Radlett has excellent communications with easy access to the M1, M25 and A1(M) as well as the First Capital Connect Thameslink train service from Radlett to St Pancras.
The property is in a highly prominent situation on Watling Street between the Post Office and the Reform Synagogue close to the junction with Aldenham Avenue.
Watling Street is the main thoroughfare in Radlett. There are multiple (Boots, Barclays, Pizza Express, Prezzo, Tesco, NatWest) and local retailers located on Watling Street serving the area as well as a number of popular restaurants.
There is good parking provision for customers of the ground floor occupier in the immediate vicinity of the property.
A location plan is attached at Appendix A.
DESCRIPTION
The property comprises a site of circa 4325 sq.ft. and this is shown edged red on the Site Plan at Appendix B, for indicative purposes.
The property was originally constructed as two shops but has been altered over time. It now comprises a ground floor restaurant with kitchen and rear store area. There is front and rear access to the two flats above.
Planning consent was granted (Ref: TP/2010/2261) for the alteration and extension of the restaurant and upper floors.
The restaurant will provide an area of circa 2,100 sq.ft. on ground floor only. It may be possible to create a basement area, subject to the necessary consents. The planning consent provides for a front terrace seating area of circa 540 sq.ft. The flats have the following areas:
ACCOMMODATION NR BEDROOMS GIA (SQM) GIA (SQFT) F1 STUDIO 29 312 F2 1 37 398 F3 1 33 355 F4 1 33 355 F5 STUDIO 29 312 F6 1 37 398 F7 1 33 355 F8 1 33 355 TOTAL GIA 8 FLATS 264 2842
The flats will benefit from a self contained entrance to the side of the restaurant. The driveways are currently used for car parking. The Planning Consent provides an Informative that 4Nos car parking permits could be allowed for. There is provision for 6Nos bicycle parking spaces.
VACANT POSSESSION
Vacant Possession can be provided from 7th July 2012
TENURE
The freehold of the site is being sold.
VAT
No election to waive the exemption to charge VAT has been made by the Vendors and VAT will therefore not payable by the Purchaser.
SALE PROCESS
The site is to be sold by private treaty.
The Vendor is not obliged to accept the highest offer or indeed any offer.
VIEWING
Viewings are to be undertaken strictly by appointment with Koopmans and will be accompanied. All viewings are undertaken at the parties’ own risk.
COSTS
Each party will be responsible for all of their own costs in this transaction.
FURTHER INFORMATION
If further information is required please direct these to Paul Koopman MRICS of Koopmans, sole agent on behalf of the Vendor.
E: [email protected] T: 01923 85 3749
CONDITIONS AND MIS-DESCRIPTION
The sale of the property and these particulars are issued on a subject to contract basis. These particulars do not constitute or form any part of any offer or contract and all statements made herein are made without responsibility on the part of Koopmans or the vendor. Any intending purchaser should satisfy themselves as to their correctness. Neither the vendor nor Koopmans, nor any person in the employment, make or have any authority to make any warranty in relation to this property.
ESTATE AGENTS ACT 1979
In accordance with the Estates Agents Act 1979, the Directors of Directland Ltd t/a Koopmans declare an interest in the property being sold.
APPENDIX A – LOCATION PLAN
Conway House, Watling Street, Radlett, Herts
APPENDIX B – SITE PLAN (FOR INDICATIVE PURPOSES ONLY)