The Parade, High Street, Watford, Hertfordshire, WD17

This property consists of a series of three retail units along the pedestrianized High Street in the heart of Watford Town Centre, presenting a notable opportunity for renovation and investment. Currently vacant, the shops are primed for redevelopment, allowing prospective buyers to envision new uses that can meet the needs of this bustling area. Strategically positioned among taller buildings, there is clear potential for vertical expansion with the possibility of adding at least two additional stories, pending necessary planning approvals. This aspect positions the property favorably for those seeking to maximize its footprint in a sought-after location. The upper levels currently offer significant opportunities for increasing value through residential conversion under Permitted Development Rights. Such a transformation could respond to the demand for housing in the area while enhancing overall property appeal. With a total floor area of approximately 3,557 sq ft NIA (3,860 sq ft GIA), this property benefits from solid commercial earning potential, estimated around £100,000 per annum. As a freehold asset in an ever-evolving part of Watford, this represents an enticing proposition for investors looking to capitalize on future growth and redevelopment possibilities.