VICARAGE ROAD 56D, 56E, 58 & 58A WATFORD, WD18 0EN CONSENTED RESIDENTIAL LED DEVELOPMENT OPPORTUNITY
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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 Site & Location Site Plan to 93 95 PO 32 3 34 N 10 LB The Site is situated on Vicarage Road, South of Watford town centre, and 50 metres from Vicarage 42 Road Stadium. 2 44 to War Memorial 52 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 2a 56 54 6 to printing works comprises a large workshop together with a 2-storey late Victorian building. 56 a TH E S ITE YN HO The surrounding area is a mix of predominately residential streets, although the football ST 56 RE 56 e 1 stadium and Watford General Hospital, a short distance to the south west, dominate ET d 2 the area. The area to the south and around the hospital is already underway with a joint 3 1 4 £250m regeneration initiative between Watford Borough Council, West Herts 5 NHS Trust 6 58 8 5a AD and Kier in order to provide a new state of the art Accident & Emergency hospital, new Works O R3 10 N homes and new business space. Watford is an important regional town with a bustling 12 F TO 14 LI C town centre and excellent transport connections to London and the South East. Intu 58 4 2a a 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 5 m 10 1 .5 to 69 few years. The site benefits from being within 600m (.35mile) to the new Harwoods 5a 3 10 on 15 a Adventurous Playground which offers exciting state of the art outdoor play facilities for Li t 32 ed our R C Garage young people and their families to enjoy. Works 30 34 sts Watford High Street station is 800 metres to the east and provides London Overground Po of 32 ne services into Euston, through local stops and other north west London stations including, Li 29 Harrow & Wealdstone, Wembley and Willesden Junction. Passengers can change one AD 40 O stop to the south at Bushey where services into London Euston are as fast as 19 minutes. R 2a E AG The national motorway network is easily accessible with junction 5 of the M1 3.8 km (2.3 2b AR C VI miles) to the north east and junction 20 of the M25 7km (4.4 miles) to the north. 2 68.9m * Not to scale nd * For illustrative purposes only ta 28 25m ad S 50m 75m 16 o
Location N W A T FORD JUNCT ION ST A T ION WA T FORD T OWN CENT RE INT U WA T FORD WA T FORD HIGH 4 ST REET ST A T ION THE SITE V I C A R A G E R O A D S T A DI U M B USHEY ST A T ION * 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 6 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 REV. DESCRIPTION DATE BY NOTES PROJECT No: CLIENT 1 Issued for Planning 20.12.2018 CK DO NOT SCALE FROM THIS DRAWING * Landscaping is for illustrative purposes only 1715 GS8 Watford Limited P2 Issued for Information 30.10.2020 CK * Not to scale The contractor shall check and verify all DRAWN CHECKED PROJECT TITLE dimensions on site and report any CK ML discrepancies in writing to Studioanyo 56d, 56e, 58 & 58a Vicarage Road, Watford before proceeding work. DATE DRAWING NAME 10/12/2020 16:50:08 All dimensions based on drawing 30.10.2020 Proposed Elevations information received from client, Client or appointed Contractor to carry out site dimension checks or surveys initially Pitch Level STATUS * For Illustrative purposes only Studio 21, Monohaus | 143 Mare Street | London | E8 3FW www.studioanyo.com | +44(0)20 8016 8665 prior to tender and again prior to 15375 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 Roof Level provision of copies or originals or otherwise unless agreed in writing. 13950 0 1 5 10 M 1715-LS-X-XX-DR-A-1201 / P2 © COPYRIGHT
Proposed Floorplans Ground Floor VICARAGE ROAD entrance entrance entrance entrance entrance high bench and stools meet in g r o om u n i t 3 - 158sqm r e c ept io n u n i t 2 - 30sqm s er v ic e / waiting ar e a counter wc Lift l ow se at ing unit 1 - 32sqm phone booth pr epa r at ion store bike st kitc hen bin store (resi) plant room phone booth 2 BED 73 m2 2 BED 71 m2 2 BED 7 71 m2 1 BED 50 m2 1 BED 50 m2 EXISTING TREE REV. 1 DESCRIPTION Issued for Planning DATE 20.12.2018 BY CK NOTES DO NOT SCALE FROM THIS DRAWING * Landscaping is for illustrative purposes only PROJECT No: 1715 CLIENT * Not to scale GS8 Watford Limited 2 Issued for Information 30.10.2020 CK The contractor shall check and verify all DRAWN CHECKED PROJECT TITLE P3 Issued for Information 04.12.2020 CK dimensions on site and report any CK ML P4 Issued for Information 07.12.2020 CK discrepancies in writing to Studioanyo N 56d, 56e, 58 & 58a Vicarage Road, Watford before proceeding work. DATE DRAWING NAME 020 16:43:02 All dimensions based on drawing 07.12.2020 information received from client, Client Proposed Ground Floor Plan STATUS or appointed Contractor to carry out site Studio 21, Mon dimension checks or surveys initially www.studioany prior to tender and again prior to 1 : 100 SCALE@A1 The copyright in
Proposed Floorplans Upper Ground Floor Lift 2 BED 68 m² 1 BED 50 m² 1 Bed 50 m² 1 BED 50 m² 1 BED 50 m² 8 1 Bed 50 m² REV. 1 DESCRIPTION Issued for Planning DATE 20.12.2018 BY CK NOTES DO NOT SCALE FROM THIS DRAWING * Landscaping is for illustrative purposes only PROJECT No: 1715 CLIENT * Not to scale GS8 Watford Limited P2 Issued for Information 30.10.2020 CK The contractor shall check and verify all DRAWN CHECKED PROJECT TITLE P3 Issued for Information 04.12.2020 CK dimensions on site and report any CK ML P4 Issued for Information 07.12.2020 CK discrepancies in writing to Studioanyo N 56d, 56e, 58 & 58a Vicarage Road, Watford before proceeding work. DATE DRAWING NAME 020 17:07:20 All dimensions based on drawing 07.12.2020 information received from client, Client Proposed Upper Ground Floor Plan STATUS or appointed Contractor to carry out site Studio 21, Mon dimension checks or surveys initially www.studioany prior to tender and again prior to 1 : 100 SCALE@A1 The copyright in
Proposed Floorplans 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 REV. 1 DESCRIPTION Issued for Planning DATE 20.12.2018 BY CK NOTES DO NOT SCALE FROM THIS DRAWING * Landscaping is for illustrative purposes only PROJECT No: 1715 CLIENT * Not to scale GS8 Watford Limited P2 Issued for Information 30.10.2020 CK The contractor shall check and verify all DRAWN CHECKED PROJECT TITLE dimensions on site and report any CK ML discrepancies in writing to Studioanyo N 56d, 56e, 58 & 58a Vicarage Road, Watford before proceeding work. DATE DRAWING NAME 020 16:52:32 All dimensions based on drawing 30.10.2020 information received from client, Client Proposed First Floor Plan STATUS or appointed Contractor to carry out site Studio 21, Mon dimension checks or surveys initially www.studioany prior to tender and again prior to 1 : 100 SCALE@A1 The copyright in
Proposed Floorplans 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 REV. 1 DESCRIPTION Issued for Planning DATE 20.12.2018 BY CK NOTES DO NOT SCALE FROM THIS DRAWING * Landscaping is for illustrative purposes only PROJECT No: 1715 CLIENT * Not to scale GS8 Watford Limited P2 Issued for Information 30.10.2020 CK The contractor shall check and verify all DRAWN CHECKED PROJECT TITLE dimensions on site and report any CK ML discrepancies in writing to Studioanyo N 56d, 56e, 58 & 58a Vicarage Road, Watford before proceeding work. DATE DRAWING NAME 020 16:53:49 All dimensions based on drawing 30.10.2020 information received from client, Client Proposed Second Floor Plan STATUS or appointed Contractor to carry out site Studio 21, Mon dimension checks or surveys initially www.studioany prior to tender and again prior to 1 : 100 SCALE@A1 The copyright in
Proposed Floorplans 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 11 REV. 1 DESCRIPTION Issued for Planning DATE 20.12.2018 BY CK NOTES DO NOT SCALE FROM THIS DRAWING * Landscaping is for illustrative purposes only PROJECT No: 1715 CLIENT * Not to scale GS8 Watford Limited 2 Issued for Information 30.10.2020 CK The contractor shall check and verify all DRAWN CHECKED PROJECT TITLE P3 Issued for Information 07.12.2020 CK dimensions on site and report any CK ML discrepancies in writing to Studioanyo N 56d, 56e, 58 & 58a Vicarage Road, Watford before proceeding work. DATE DRAWING NAME 020 13:01:34 All dimensions based on drawing 07.12.2020 information received from client, Client Proposed Third Floor Plan STATUS or appointed Contractor to carry out site Studio 21, Mon dimension checks or surveys initially www.studioany prior to tender and again prior to 1 : 100 SCALE@A1 The copyright in
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 T: +44 (0) 783 150 9965 Guide Price E: jv@vandermolenre.co.uk Guide price of £3,250,000. Sam Phillips T: +44 (0) 795 634 1581 VAT E: sp@vandermolenre.co.uk The property is elected for VAT. Zach Harris T: +44 (0) 754 061 2327 E: zh@vandermolenre.co.uk 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 T: +44 (0) 7736 177891 contact the selling agents to arrange E: jordan.oldfield@kingsbury-consultants.co.uk an inspection. Further detailed information can be found at: Chris Incledon www.vicarageroad.com T: +44 (0) 7787 130 719 E: chris.incledon@kingsbury-consultants.co.uk 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
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