Summary
This self-contained industrial unit offers approximately 2,565 Sq.ft of versatile space with a clear internal height of 3.34m. The property features a concrete floor, energy-efficient LED lighting, and a secure electric roller shutter. It benefits from three-phase power, a small office, and WC facilities.
Key Points
Freehold sale of industrial unit with redevelopment potentialPre-application scheme prepared for 6 storey scheme of high quality apartments with amenity space and cycle storageLocated in Watford’s Core Development Area, earmarked for growth regenerationExcellent transport links - short walk to Watford Junction (20 minus to London Euston)In the heart of watford, adjacent to the Harlequinn CentreIn the heart of Watford Town Centre, adjacent to Watford’s retail parade and Harlequin Shopping CentreCurrently let on an occupational lease to October 2026 at a passing rent of £40,000 per annum exclusive
Occupational Lease
The premises are currently occupied on a full repairing and insuring lease to Pro Cars UK Ltd for a term to October 2026. The current passing rent is £40,000 per annum exclusive. The lease is outside the security of tenure provisions of the Landlord Tenant Act 1954.
Development Potential
In addition to its current use, the property offers redevelopment potential.
A new pre-application scheme has recently been submitted exploring the opportunity to redevelop the site into a high-quality residential scheme.
Previous planning applications have granted residential redevelopment, including a scheme for a 15 unit block.
Located in Watford’s Core Development Area, earmarked for growth and regeneration.
Previous planning applications have considered residential redevelopment, including a scheme for a 15-unit block.
The latest pre-app explores a preferred massing option of 6 storeys, comprising well-designed apartments with amenity space, cycle storage, and improved pedestrian access.
Alternative massing options up to 20+ storeys were studied, highlighting the potential for more ambitious development subject to planning.
The site sits within Watford’s Core Development Area, identified in the Local Plan as a focus for growth and regeneration.
Recent design changes address earlier highways and pedestrian safety concerns, providing set-back entrances and strengthening planning prospects.
Tenure
The unit is available on a Freehold basis.
Location
Wellstones is ideally located in the heart of Watford, offering excellent access to the town centre and major transport links. Watford Junction Station is just a short walk away, providing fast trains to London Euston in under 20 minutes. The M1, M25, and A41 are easily accessible by road. The nearby Harlequin Shopping Centre provides amenities such as cafes, restaurants, gyms, and major retailers.