RESIDENTIAL INVESTMENT / DEVELOPMENT OPPORTUNITY

 

Summary

  • Freehold for sale
  • Planning permission implemented for an additional unit
  • Prominent corner plot
  • Income producing

Location

Situated on the edge of leafy Nascot Wood, the site is in a fantastic location sitting on the corner of Langley Road and Nascot Street. Watford Junction is approximately 300 yards from Ash Lodge, which offers fast rail connectivity to London. The main office hub area, Clarendon Road, is a short walk and boasts occupiers such as TJX Europe and PwC. The site is also in a key location for key road links as the M25 J19 is 2 miles away and the M1 J5 is 1.87 miles from site. Atria Watford is within walking distance and offers a variety of retail shops including Hugo Boss, Zara, Superdry and Uniqlo to name a few.

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Further Information

Rates Payable Upon Enquiry


Description

A rarely available freehold comprising of four residential apartments, all of which are income producing. Arranged over two floors, Ash Lodge offers two 1 bedroom apartments and 2 two bedroom apartments. All the flats are dual aspect as well allowing plenty of natural light to enter the units. The condition of the apartments is mostly modern throughout with some areas in a tired condition. There is parking for three vehicles.

On the 7th August 2015, Watford Borough Council granted planning permission for the part demolition and extension along with refurbishment to reconfigure the building from 4 apartments to 5 apartments. This will involve a double storey extension on the Langley Road side and alterations to the existing flats. The planning permission will change the building from two 2 bedroom apartments and two 1 bedroom apartments to three 1 bedroom apartments and two 2 bedroom apartments. The two bedrooms will be on the first floor and the one bedrooms on the ground floor. All four of the ‘current’ apartments will retain permit parking. Our client has implemented planning permission. The S106 obligations have been settled.

Planning reference number - 15/00854/FUL