On behalf of Splendid Hospitality Group, Savills and Vandermolen Real Estate, have completed the disposal of a significant site in Watford, Hertfordshire. The purchaser was the Police and Crime Commissioner (PCC) for Hertfordshire and Hertfordshire Constabulary, facilitated by land agents Walter Cooper. The site was sold for £6,500,000.
The police station will move from its current home in Clarendon Road to the new site in George Street. The new premises will ensure that officers remain in Watford town centre following the planned closure of the current station.
Nigel Palmer, Land Director at Walter Cooper, said: ‘The search for a station was undertaken several years ago when the building on Clarendon Road reached the end of its economic life. The new site gives officers and staff more space and modern fit-for-purpose facilities. It will also mean more environmentally friendly measures can be installed such as charging points for electric vehicles. Ultimately, it puts the needs of the community first, staying centrally located, as a positive step for those living and working in Watford.’
The new site extends to 0.14 hectares (0.35 acres) and consists of a three-storey office building with 51 basement car parking spaces and a further 12 in the car park to the rear of the building.
Darren Arnold, Savills London land director, says: ‘Although we had recently sold the site to the Splendid Hospitality Group to relocate their headquarters, the pandemic brought about an opportunity for them to rethink their requirements and they were able to find alternative premises elsewhere in Watford to better suit their needs. We were delighted to assist the Splendid Hospitality Group on the disposal of the site and at the same time facilitating the community benefit of a new police station for Watford.’