Close to Bushey Train Station, Colne Valley Retail Park is 88,168 sq ft of Open A1 retail space, with 274 parking spaces. Current tenants include Oak Furnitureland, DFS, Dreams, Warehouse, Carpetright, Tapi Carpets, Harveys and SCS.
The property is arranged over ground and basement levels. The ground floor provides a level sales area with WC provision at the rear whereas the basement provides ancillary accommodation. The property is serviced through the backyard leading to the rear service road.
Retail shop to let situated in a prime trading location in Watford High Street. This pitch will be significantly enhanced by the imminent opening of a new entrance to INTU Shopping Centre. This scheme has just benefitted from a £180m investment which will create a 1.4m sq ft retail and leisure destination. This will significantly increase the footfall in the High Street and further strengthens Watford’s attraction as a retail destination.
The bank comprises a basemen vault, ground floor retail banking hall, first floor ancillary and staff rooms and a basement strong room and book room. Tenure The property is held on an existing FRI lease due to expire 16/01/2027 at a passing rent of £28,000 per annum exclusive, with a break option scheduled for 16/01/2022. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £28,000 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £22,250.00 and the rates payable are £10,680.00 pa. The UBR for 2018/2019 is 48.00p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
LOCATION The premises occupy a prime trading location within High Street adjacent to TSB Bank and close to Starbucks, Shoezone and Wilko’s. The Intu Watford extension opened at the beginning of 2019. The new Leisure and Restaurant quarter includes Cineworld, Superdry and Debenhams.
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