56D, 56E, 58 and 58A Vicarage Road Watford WD18 0EN

CGI of consented scheme

56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN

Consented residential led development opportunity 56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN 2

EXECUTIVE SUMMARY • Residential-led development opportunity located south of 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 30 private apartments and 3 flexible use (A1/A2/B1/D2) commercial units. • Proposed residential mix of 8 x 1-bed, 18 x 2-bed and 4 x 3-bed units with a total Net Saleable Area of 2,019 sq m (21,733 sq ft). • 3 commercial units extending to 260 sq m (2,798 sq ft) GIA. • Total combined scheme area of approximately 2,770 sq m (29,816 sq ft) GIA. • Located approximately 800 metres (0.5 miles) from Watford High Street Overground Station. • For sale freehold with vacant possession.

CGI of consented scheme 56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN 3

56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN

Site and Location The Site is situated on Vicarage Road, south of Watford town centre, and 50 metres from Vicarage Road Stadium. It currently comprises a former printing works together with three attached shops, all of which are vacant. These occupy a site extending to c.0.12 hectares (0.29 acres). The printing works comprises a large workshop together with a 2-storey late Victorian building. The surrounding area is a mix of predominately residential streets, although the football stadium and Watford General Hospital, a short distance to the south west, dominate the area. The area to the south and around the Hospital is set to be regenerated through a £250m joint initiative between Watford Borough Council, West Herts NHS Trust and Kier in order to provide a new state of the art Accident & Emergency hospital, new homes and new business space. Watford is an important regional town with a bustling town centre, Premiership football team and excellent transport connections to London and the South East. Intu Watford Shopping Centre, anchored by M&S and John Lewis, is located 700 metres (0.4 miles) to the north east and has Existing buildings 56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN recently undergone a £180 million redevelopment. Ordnance Survey © Crown Copyright 2019. All rights reserved. Licence number 100022432. Plotted Scale - 1:10000

91 to Watford High Street station is 800 metres to the east and 93 FARRALINE ROAD 95 PO

provides London Overground services into Euston, through 32 St James's Road 34

Baptist 3 local stops and other north west London stations including, 103 Church LB

Harrow & Wealdstone, Wembley and Willesden Junction. 7 42

44 Passengers can change one stop to the south at Bushey 2

o t 4 where services into London Euston are as fast as 19 minutes. War Memorial 52 19 Hall

The national motorway network is easily accessible with 56 69.2m

54 to 54 6 2a 12

junction 5 of the M1 3.8 km (2.3 miles) to the north east and A 56a YNHO

junction 20 of the M25 7km (4.4 miles) to the north. TREET 14 6e 5

1 5 1a

2 35 3

1 4 58 5 6 8

5a 1

7 Works 26 10 N ROAD

5 IFTO

4 2a 8a 14 CL

2 71.6m PH 36

105 1 .5m 36a

to 9

6 38 3 105a 15 ion L 32a d

urt 18 Re Co Garage Works

30 34

of Posts 32 2

ine 29

L AD 40

R 1 E 2a

2b ICARA 2 V 16 RY ROAD

68.9m WESTBU 11

Intu Watford shopping centre Not to Scale 15 tand 16 S 28 71.9m0m 25m 50m 75m O oad CC R UPAT 68.0m icarage ION ROAD V Ordnance Survey © Crown Copyright 2019. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250 56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN 4

PLANNING Commercial Unit Apartment No. of Units NSA Sq M NSA Sq Ft (Class A1/A2/ GIA Sq M GIA Sq Ft Type The property falls within the jurisdiction of Watford Borough B1/D2) Council. Planning permission (Ref: 18/01269/FULM), was granted on 19th March 2019, for: 1 Bed 8 400 4,306 Unit 1 32 344 “Redevelopment of the site to provide a mixed use scheme comprising of 30 residential units (Class C3), flexible 2 Bed 18 1,273 13,703 Unit 2 30 323 commercial floorspace (Class A1/A2/B1/D2), cycle parking, landscaping and associated works.” 3 Bed 4 346 3,724 Unit 3 198 2,131 All of the residential apartments will be for private sale. They Total 30 2,019 21,733 Total 260 2,798 have been designed with layouts that create modern flats with a high quality living space with usable and convenient external balcony spaces. The commercial units are flexible spaces that would suit a range of occupiers. They will benefit from footfall to Vicarage Road Stadium and proximity to Watford General Hospital, a major employer in the area.

Pitch Level A unilateral undertaking under Section 106 includes financial 15375 Roof Level payments which total £329,200, including a payment towards 13950 the provision of affordable housing. The development will Level 03 be subject to Watford Borough CIL at a rate of £120 per sq 10800 m, which will be subject to inflation using the national All-In- Lynas Level 02 7650

Tender Price Index of construction costs published by the Smith,

Building Cost Information Service (BCIS ). The anticipated total 1F Level 01 liability is £221,800, but interested parties should undertake 4500 Warehaus,

their own calculations. Mentmore

Level 00 0

Terrace, Floor GIA Sq M GIA Sq Ft North Elevation 1 : 100

London,

Ground 783 8,428 E83DQ

Pitch Level Upper Ground 335 3,606 15375 Pitch Level 15375 Roof Level 13950 Roof Level 020

13950 8985

First 606 6,523 0492 Level 03 10800 Level 03 10800 Second 606 6,523 Level 02

Lynas

7650 Level 02 www.lynas 7650

Third 440 4,736 EXISTING TREE MAINTAINED Smith, ‐

Level 01 smith.com

4500 Level 01 1F 4500

Warehaus, Total Building 2,770 29,816 Level 00.5 1350 Level 00.5

1350 Mentmore

Level 00 0

Level -00.5 -1800 Level -00.5 Terrace, -1800

South Elevation London, 1 : 100 East Elevation Not to Scale

1 : 100 E83DQ

Rev. Description Date By PLANNING 56d, 56e, 58 & 58a Vicarage Road, GS8 Watford WatfordLimited P1 Issued for Planning 20.12.2018 CK * Landscaping is for illustrative purposes only 020 Pitch Level

15375 Proposed Elevations 8985 14:19:59 Roof Level

©Lynas Smith 2018 13950 0492 Drawn by: Reviewed by: Do not reproduce without permission CK ML of the owner @A1 This drawing had been produced for Original drawing is A1. Do not scale from this Project No:1715 1 : 100 GS8 Watford Limited and is not drawing. 01 5 10 M 19/12/2018 intended for use by any other person 1715‐LS‐X‐XX‐DR‐A‐1201 of for any other purpose.

Level 03 10800

www.lynas

Level 02 7650 ‐ smith.com

Level 01 4500

Level 00.5 1350

Level 00 0

Level -00.5 -1800

West Elevation 1 : 100

Rev. Description Date By PLANNING 56d, 56e, 58 & 58a Vicarage Road, GS8 Watford WatfordLimited 1 Issued for Planning 20.12.2018 CK * Landscaping is for illustrative purposes only Proposed Elevations 14:20:46

©Lynas Smith 2018 Drawn by: Reviewed by: Do not reproduce without permission CK ML of the owner @A1 This drawing had been produced for Original drawing is A1. Do not scale from this Project No:1715 1 : 100 GS8 Watford Limited and is not drawing. 01 5 10 M 19/12/2018 intended for use by any other person 1715‐LS‐X‐XX‐DR‐A‐1202 of for any other purpose. 56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN 5

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

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 - 198sqm r e c e p t i o n Lynas 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

Smith,

w c Lift 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 1F

Warehaus,

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 h o n e b o o t h

p l a n t r o o m Mentmore

Terrace, 2 BED 73 m2

London, 2 BED 70 m2 2 BED 70 m2

2 BED E83DQ 73 m2 020

8985 EXISTING TREE

0492

www.lynas ‐ smith.com

Not to Scale

Rev. Description Date By PLANNING 56d, 56e, 58 & 58a Vicarage Road, GS8 Watford WatfordLimited P1 Issued for Planning 20.12.2018 CK * Landscaping is for illustrative purposes only Proposed Ground Floor Plan 14:23:15

N ©Lynas Smith 2018 Drawn by: Reviewed by: Do not reproduce without permission CK ML of the owner @A1 This drawing had been produced for Original drawing is A1. Do not scale from this Project No:1715 1 : 100 GS8 Watford Limited and is not drawing. 01 5 10 M 19/12/2018 intended for use by any other person 1715‐LS‐X‐00‐DR‐A‐1100 of for any other purpose. 56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN 6

Proposed Upper Ground Floor Plan Lynas

2 BED

70 m² Smith,

1F 00.3F.056

9 1 BED Warehaus, Lift 8 50 m² 7 10 6 11 5 12 4 13 3 14 2 15 1 16 17

Mentmore

3 BED 87 m²

1 BED 50 m² Terrace, 2 BED 70 m² 2 BED 3 BED 70 m² 86 m² 1 BED 50 m²

London,

E83DQ 020

8985

0492

EXISTING TREE

www.lynas ‐ smith.com Not to Scale

N ©Lynas Smith 2018 Drawn by: Reviewed by: Do not reproduce without permission CK ML of the owner @A1 This drawing had been produced for Original drawing is A1. Do not scale from this Project No:1715 1 : 100 GS8 Watford Limited and is not drawing. 01 5 10 M 19/12/2018 intended for use by any other person 1715‐LS‐X‐10‐DR‐A‐1100 of for any other purpose. 56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN 7

Proposed Second Floor Plan Lynas

2 BED 70 m²

Smith,

1 BED Warehaus, Lift 50 m²

Mentmore

3 BED 87 m² 1 BED 50 m² Terrace, 2 BED 70 m² 2 BED 3 BED 70 m² 86 m² 1 BED 50 m²

London,

E83DQ 020

8985

0492

EXISTING TREE

www.lynas ‐ smith.com Not to Scale

N ©Lynas Smith 2018 Drawn by: Reviewed by: Do not reproduce without permission CK ML of the owner @A1 This drawing had been produced for Original drawing is A1. Do not scale from this Project No:1715 1 : 100 GS8 Watford Limited and is not drawing. 01 5 10 M 19/12/2018 intended for use by any other person 1715‐LS‐X‐20‐DR‐A‐1100 of for any other purpose. 56D, 56E, 58 And 58A Vicarage Road Watford WD18 0EN 8

Proposed Third Floor Plan Lynas

1 BED 50 m²

Smith,

1 BED Lift Warehaus, 50 m² 2 BED 68 m²

Mentmore

2 BED 70 m² 2 BED 70 m² Terrace,

2 BED 70 m²

London,

E83DQ 020

8985

0492

www.lynas ‐ smith.com

Not to Scale

METHOD OF SALE Contact The property is for sale freehold with vacant For further information please contact: possession by way of informal tender (unless sold prior). Savills UK Darren Arnold VAT T: +44 (0) 20 7409 9926 E: [email protected] The property is elected for VAT. Sean Cooper T: +44 (0) 20 7409 9948 E: [email protected] FURTHER Hugh Bushell INFORMATION T: +44 (0) 20 7075 2860 E: [email protected] The site can be viewed from the public highway. If you require access to the existing Vandermolen Real Estate buildings then please contact the selling Jonathan Vandermolen agents to arrange an inspection. Further T: +44 (0) 20 7290 2828 detailed information can be found at: E: [email protected] www.vicarageroad.com Sam Phillips T: +44 (0) 20 3971 6066 E: [email protected]

Important Notice Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, and published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | May 2019

CGI of consented scheme