Summary - 125, THE PARADE HIGH STREET WD17 1NA
1 bed 1 bath Commercial Development
Rare freehold redevelopment opportunity in Watford town centre, large flexible space..
- Freehold town-centre building, total GIA 45,616 sq ft
- Former nightclub with voluminous open floors and high ceilings
- Corner curved glass frontage onto The Parade, strong visibility
- Less than 1 mile to Watford Junction and Underground stations
- Guide price £4,000,000 (circa £87 psf) — value acquisition
- VAT payable; unconditional offers considered on freehold/leasehold
- Significant refurbishment/change-of-use likely; planning required
- Very high local crime rate; budget for security and operating costs
A substantial town-centre freehold offering arranged over basement, ground and two upper floors with a total GIA of approximately 45,616 sq ft. The former nightclub presents voluminous open areas, high floor-to-ceiling heights and a striking curved glass corner frontage onto The Parade, creating a flexible shell for a range of commercial uses.
Positioned less than a mile from Watford Junction and Watford Underground (Metropolitan line), the building sits at the heart of a town undergoing a strategic regeneration process. The location benefits from excellent pedestrian footfall, immediate access to town-centre amenities and a mix of leisure, retail and transport connections that suit operators, occupiers or conversion projects.
This is a value-driven acquisition: guide price equates to around £87 per sq ft and unconditional offers are invited on a freehold or leasehold basis. VAT is applicable. The space is Sui Generis and could suit leisure, co-living, educational, office, self-storage, places of worship or owner-occupier redevelopment, subject to planning.
Important considerations: the property is a former nightclub so significant refurbishment, fit-out or change-of-use consents may be required. The local area records very high crime levels and sits within a constrained neighbourhood classification, which may affect certain uses and operating costs. Buyers should allow for remediation, security and conversion expenditure when assessing the opportunity.
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