118 High Street, Waltham Cross, Hertfordshire, EN8

Freehold town centre development and repositioning opportunity with implemented planning for a mixed-use development scheme. The property is a prominent vacant former Poundland measuring approximately 16,574 square feet (1,539.8 square metres). It occupies a strategic position in the heart of Waltham Cross High Street, with substantial frontage to the town’s principal retailing pitch and benefits from the area's excellent connectivity. Offers invited in excess of £1,500,000, which reflects a low capital value of approximately £90 per square foot.

Location & Situation - Waltham Cross is a well-established commuter and commercial centre located immediately north of Greater London, within the Borough of Broxbourne. The town benefits from exceptional transport connectivity, making it an attractive location for residential and commercial development. Waltham Cross Railway Station is within easy walking distance of the property and provides regular services to Tottenham Hale and London Liverpool Street, whilst Tottenham Hale offers direct connections to the Victoria Line, Stansted Express and wider London Underground network. The property is also conveniently located close to the A10, M25 (Junction 25) and M11 corridors, providing excellent road access across London, Hertfordshire and the South East. The town serves a substantial local population and benefits from strong footfall generated by nearby retail, leisure, and transport facilities.

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, NatWest, 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.

Please note all times and distances given are approximate only.

Description - The property comprises a substantial former Poundland store extending to approximately 16,574.4 square feet (1,539.8 square metres) arranged over ground and first 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.

Existing Class E use allows a wide range of retail, leisure, food and beverage, gym, medical, and office occupiers.

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.

Development & Repositioning Opportunity - 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.

The consent delivers additional approved massing beyond the existing building envelope, creating a significant opportunity for a purchaser to benefit from the established planning position.

Whilst the approved scheme comprises a hotel-led development, the approved massing and implemented consent may offer a purchaser a valuable platform from which to explore alternative uses, subject to obtaining any necessary consents.

The property is suitable for a variety of alternative uses, subject to planning, including residential, build-to-rent, co-living, supported housing, senior living, healthcare, and mixed-use redevelopment schemes.

Purchasers are encouraged to undertake their own planning investigations regarding alternative development proposals.

Asset Management Opportunities - The property presents a number of potential strategies for value enhancement, including:

Reletting the existing accommodation for retail, leisure, food & beverage, gym, or other Class E uses.

Generating interim income pending redevelopment or repositioning.

Refurbishment and repurposing of the existing building.

Conversion of upper floors to alternative uses, subject to planning.

Implementation of the existing planning consent or alternative redevelopment proposals benefiting from the approved massing.

Comprehensive mixed-use redevelopment incorporating commercial and residential elements.

Tenure - Freehold (Title number: HD245577)

The property benefits from rights of access on foot and by vehicle via the adjacent Iceland car park.

Vat - The property is elected for VAT.

Terms - Offers are invited in excess of £1,500,000, which represents a low capital value of approximately £90 per square foot.

Viewings - Please contact Harston+Co or joint agent Rapleys to arrange a viewing.