Vicarage Road

56D, 56E, 58 & 58A VICARAGE ROAD

WATFORD, WD18 0EN

CONSENTED RESIDENTIAL LED DEVELOPMENT OPPORTUNITY FOR SALE

CGI of Proposed Development Executive Summary CGI of Proposed Development

Residential-led development opportunity located close to Watford town centre.

0.12-hectare (0.29 acre) site comprising a vacant printworks and shops.

Planning permission for the demolition of the existing building and redevelopment of the site to provide a scheme comprising 36 private apartments and 3 Flexible use (A1/A2/ B1/D2) commercial units.

2 Proposed residential mix of 25 x 1-bed, 9 x 2-bed and 2 x 3-bed units with a total Net Saleable Area of 2,061 sq m (22,185 sq ft).

3 commercial units extending to 220 sq m (2,368 sq ft) GIA.

Total combined scheme area of approximately 2,807 sq m (30,215 sq ft) GIA.

Located approximately 800 metres (0.5 miles) from Watford High Street Overground Station.

For sale freehold with vacant possession. 91 to Site & Location 93 Site Plan 95 PO 32 St James's Road

34 N Baptist 103 Church LB The Site is situated on Vicarage Road, South of 7

Watford town centre, and 50 metres from Vicarage 42

4 2

4 o

Road Stadium. t 4 5

War Memorial 2

It currently comprises a former printing works together with three attached shops, all of

56 69.2m

54 to 54 a

which are vacant. These occupy a site extending to c.0.12 hectares (0.29 acres).6 The 2 12

56 printing works comprises a large workshop together with a 2-storey lateYNHO Victorian building. a THE SITE

TREE 6 5

e 6

The surrounding area is a mix of predominately residential streets, although the football 5

d 1 stadium and Watford General Hospital, a short distance to the south west, dominateT a 2 3

the area. The area to the south and around the hospital is already underway with a joint 1 4 5

5 8 6 £250m regeneration initiative between Watford Borough Council, West Herts NHS Trust 8 5a

and Kier in order to provide a new state of the art Accident & Emergency hospital, new Works 3 1 10 N ROAD

homes and new business space. Watford is an important regional town with a bustling 12

5 IFTO

2a 4

8 4 L

a 1 C town centre and excellent transport connections to London and the South East. Intu 2 71.6m Watford Shopping Centre, anchored by M&S and John Lewis, is located 700 metres (0.4 PH miles) to the north east and has undergone a £180 million redevelopment in the past 105 m 1 .5 9

to 6

3 1 few years. The site benefits from being within 600m (.35mile) to the new Harwoods 105a 5 n io L 32a Adventurous Playground which offers exciting state of the art outdoor play facilities for d t e ur R o C Garage young people and their families to enjoy. Works

4 30 3

Watford High Street station is 800 metres to the east and provides London Overground 2

of Posts 3

2 ine 9 services into Euston, through local stops and other north west London stations including, L

Harrow & Wealdstone, Wembley and Willesden Junction. Passengers can change one D A 40

R a stop to the south at Bushey where services into London Euston are as fast as 19 minutes. E 2

G A 2b R

The national motorway network is easily accessible with junction 5 of the M1 3.8 km (2.3A IC 2 V 6 miles) to the north east and junction 20 of the M25 7km (4.4 miles) to the north. 1

68.9m

* Not to scale * For illustrative purposes only tand 16 25m S 50m 75m 28 oad Location

WATFORD JUNCTION STATION

WATFORD TOWN CENTRE

INTU WATFORD

WATFORD HIGH 4 STREET STATION

THE SITE

VICARAGE ROAD STADIUM

BUSHEY STATION

* Not to scale

* For Illustrative purposes only Planning

The property falls within the jurisdiction of Watford Borough Council. Planning Floor GIA SQ M GIA SQ FT permission (Ref: 18/01269/FULM), was granted on 12th July 2018, for:

Ground 784 8,439 “Redevelopment of the site to provide a mixed-use scheme comprising of 30 residential units (Class C3), flexible commercial floorspace (Class A1/A2/B1/D2), Ground (Upper) 375 4,037 cycle parking, landscaping and associated works.”

First 604 6,501 Under variation of condition 2 to amend the internal layout and external elevations to facilitate a revised mix of accommodation pursuant to planning Second 604 6,501 permission 18/01629/FULM the site is now being sold with the benefit of planning permission for 36 apartments. Third 440 4,736

All of the residential apartments will be for private sale. They have been designed with layouts that create modern flats with a high-quality living space with usable 5 and convenient external balcony spaces. The commercial units are flexible spaces that would suit a range of occupiers. They will benefit from footfall to Apartment Type No of units NSA SQ M NSA SQFT Vicarage Road Stadium and proximity to Watford General Hospital, a major employer in the area. 1 bed 25 1258 13,541

The residential units will all be for private sale. A unilateral undertaking under 2 bed 9 631 6,028 Section 106 includes Financial payments which total £282,000, including a payment towards the provision of affordable housing. The development will 3 bed 2 172 1,851 be subject to Watford Borough CIL at a rate of £120 per sq m, which will be subject to inflation using the national All-In-Tender Price Index of construction Total 36 2,061 22,185 costs published by the Building Cost Information Service (BCIS). The anticipated total liability is £228,000, but interested parties should undertake their own calculations. Proposed Elevation

Pitch Level 15375

Roof Level 13950

Level 03 10800

Level 02 7650

Level 01 4500

Level 00 0

North Elevation 1 : 100

Pitch Level 15375 Pitch Level Roof Level 15375 13950 Roof Level 13950

Level 03 10800 Level 03 10800

Level 02 7650 Level 02 7650

Level 01 EXISTING TREE MAINTAINED 4500 Level 01 4500

Level 00.5 1350 Level 00.5 Level 00 1350 0

Level -00.5 -1800 Level -00.5 -1800 East Elevation 1 : 100 South Elevation 1 : 100

Level 03 10800

Level 02 7650

Level 01 4500

Level 00.5 1350

Level 00 0

Level -00.5 -1800

West Elevation 1 : 100

Ground Floor V I C A R A G E R O A D

e n t r a n c e

e n t r a n c e e n t r a n c e e n t r a n c e

e n t r a n c e

h i g h b e n c h a n d s t o o l s m e e t i n g r o o m u n i t 3 - 158sqm r e c e p t i o n u n i t 2 - 30sqm s e r v i c e / w a i t i n g a r e a

c o u n t e r

Lift w c l o w s e a t i n g unit 1 - 32sqm

p h o n e b o o t h p r e p a r a t i o n s t o r e

b i k e s t k i t c h e n b i n s t o r e ( r e s i )

p l a n t r o o m

p h o n e b o o t h

2 BED 73 m2

2 BED 7 71 m2 2 BED 71 m2 1 BED 50 m2 1 BED 50 m2

EXISTING TREE

Upper Ground Floor

Lift

2 BED 68 m² 1 BED 50 m² 1 Bed 50 m² 1 BED 1 BED 50 m² 50 m² 8 1 Bed 50 m²

First Floor

1 BED 50 m² 1 Bed 50 m²

00.3F.056 9 1 BED Lift 8 50 m² 7 10 6 11 5 12 4 13 3 14 2 15 1 16 17

1 BED 50 m² 1 BED 50 m² 2 BED 70 m² 2 BED 3 BED 70 m² 86 m² 1 BED 50 m² 9

EXISTING TREE

Second Floor

1 BED 50 m² 1 Bed 50 m²

1 BED Lift 50 m²

1 BED 50 m²

2 BED 70 m² 2 BED 3 BED 70 m² 86 m² 1 BED 50 m² 10

EXISTING TREE

Third Floor

1 BED 50 m²

1 BED Lift 50 m² 2 BED 68 m²

1 BED 1 BED 52 m² 52 m² 1 BED 52 m²

1 BED 52 m²

REV. DESCRIPTION DATE BY NOTES PROJECT No: CLIENT 1715 1 Issued for Planning 20.12.2018 CK DO NOT SCALE FROM THIS DRAWING * Landscaping is for illustrative purposes only GS8 Watford Limited* Not to scale 2 Issued for Information 30.10.2020 CK The contractor shall check and verify all DRAWN CHECKED PROJECT TITLE P 3 Issued for Information 07.12.2020 CK dimensions on site and report any CK ML 56d, 56e, 58 & 58a Vicarage Road, Watford discrepancies in writing to Studioanyo N before proceeding work. DATE DRAWING NAME 07.12.2020 All dimensions based on drawing Proposed Third Floor Plan information received from client, Client STATUS or appointed Contractor to carry out site Studio 21, Monohaus | 143 Mare Street | London | E8 3FW dimension checks or surveys initially www.studioanyo.com | +44(0)20 8016 8665 prior to tender and again prior to 1 : 100 SCALE@A1 The copyright in this drawing is vested in Studioanyo and no license or construction or manufacture. DRAWING NO. assignment of any kind has been, or is, granted to any third party whether by provision of copies or originals or otherwise unless agreed in writing. 01 5 10 M 07/12/2020 13:01:34 07/12/2020 1715-LS-X-30-DR-A-1100 / P3 © COPYRIGHT Method of Sale Contact Details The property is for sale freehold with vacant possession by way of Vandermolen RE informal tender (unless sold prior). Jonathan Vandermolen Guide Price T: +44 (0) 783 150 9965 E: [email protected] Guide price of £3,250,000. Sam Phillips T: +44 (0) 795 634 1581 VAT E: [email protected] The property is elected for VAT. Zach Harris T: +44 (0) 754 061 2327 E: [email protected] Further Information The site can be viewed from the Kingsbury 12 public highway. If you require access to the existing buildings then please Jordan Oldfield contact the selling agents to arrange T: +44 (0) 7736 177891 E: [email protected] an inspection. Further detailed information can be found at: Chris Incledon www.vicarageroad.com T: +44 (0) 7787 130 719 E: [email protected]

The Misrepresentation Act 1967. Vandermolen RE & Kingsbury for themselves and for vendors or lessors of this property, whose agents they are, gives notice that: 1 The particulars are produced in good faith, but are a general guide only and do not constitute any part of a contract. 2 No person in the employment of the agent(s) has any authority to make or give any representation or warranty whatsoever in relation to this property. 3 The property is offered subject to contract and unless otherwise stated all rents are quoted exclusive of VAT. 4 Nothing in these particulars should be deemed a statement that the property is in good CGI of Proposed Development condition, or that any services or facilities are in working order. 5 Unless otherwise stated, no investigations have been made regarding pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own investigations if required. February 2021