TypeDevelopment - Residential · Hotel Development Land · Shops

EN8 118 High Street, Waltham Cross

TenureFor sale

118 High Street, Waltham Cross, EN81/3

Specification

Building size
Building size16,574sqft
Property type
Property typeDevelopment - Residential · Hotel Development Land · Shops
Tenure
TenureFor sale

Description

The property comprises a substantial former Poundland store extending to approximately 16,574 sq ft arranged over ground, first and second floors.

The accommodation benefits from an extensive retail frontage and provides flexible floorplates suitable for a range of occupier requirements and redevelopment strategies.

Vehicle and pedestrian access is available via the adjoining Iceland car park, where rights have been reserved within the title. A rear yard area provides additional servicing and parking accommodation.

The building is currently vacant, allowing a purchaser immediate control of the asset and the ability to implement a chosen business plan without requiring vacant possession.

The property benefits from implemented planning permission [Planning application : 07/20/1084/F] for the demolition of the existing building and erection of a four to five storey new build hotel (Class C1), consisting of 60 bedrooms, a commercial unit (Class E), and a new build six-storey residential development (Class C3), consisting of 10 dwelling units to the rear (Resubmission 07/20/0216/F). Further details are available upon request.

Excellent connectivity to London via rail, with easy access to the A10 and M25.

Freehold opportunity on the town's principal retail pitch

Significant development opportunity to provide a range of uses

Implemented planning consent for a hotel and residential scheme.

Location

The property occupies a prominent position on Waltham Cross High Street, at the heart of the town's established retail and leisure offering. Benefiting from significant frontage and excellent visibility, the property sits amongst a strong mix of national and regional occupiers including Barclays, Sainsbury's, Iceland, Wetherspoon, Vodafone, Savers, Costa Coffee and Nationwide Building Society.

Waltham Cross Railway Station and the town's principal bus services are within easy walking distance, whilst nearby public parking facilities further enhance accessibility for visitors, customers and residents.

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