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    Auction House London
    Lot 54
    Commercial Development
    Land and Buildings Lying to the West of St Albans Road
    Watford, Hertfordshire, WD24 5FZ
    Sold prior to auction for an undisclosed amount.
     
    All
    Number 1
    A Grade II Listed Building (The Old Station) and Storage Shed Situated on A Plot of Land Measuring Approximately 430 sq m (4,628 sq ft). Offered With Current Planning Permission to Convert the Existing Building into an Artisan Tap-Room and a Single Storey Workspace Building. Alternative Schemes may be Possible (Subject to All Relevant Consents).

    Description

    The property comprises two vacant buildings situated on a parcel of land measuring approximately 430 sq m (4,628 sq ft). New residential developments have been erected immediately adjoining this site and on the opposite side of the road.

    Tenure

    Long Leasehold. The property is held on a 299 year lease from 25th March 1985 (thus approximately 261 years unexpired).

    Location

    The property is situated on a mixed use road close to local shops and amenities. The open spaces of Cassiobury Park are within easy reach. Transport links are provided by Watford underground station (Metropolitan line) and Watford Junction overground and rail stations.

    Planning

    Watford Borough Council granted the following planning permissions:

    Ref: (No. 21/00386/LBC) on 27th May 2021: Listed building consent for alterations to the Old Station building associated with its conversion to an artisan tap-room and/or community space.

    Ref: (No. 20/01284/FUL) on 28th January 2021: 'Demolition of open air industrial storage shed adjacent to the listed Old Station House and construction of a single storey with mezzanine workspace building..

    Addendum

    If the buyer wishes to implement the planning permission for an artisan tap-room, they will need to agree a fee with Network Rail (the Freeholder) to vary the lease. As a guide, in September 2019 the vendor agreed a fee for this lease variation for £30,000. The current fee may differ. Any alternative scheme may require both the agreement of Network Rail as well as any relevant planning permission. Buyers should rely on their own enquires.
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