Clarendon Road, Watford

A multi-let office building totalling c. 25,000 sq ft over four floors with on site car parking. The asset  is situated in Watford’s primary office location within close proximity to both town centre facilities and Watford Junction railway station.  Access to both the M1 and M25 are within 4 miles.

Since acquisition, the rental tone within the office has improved by over 30% demonstrating that there remains strong occupier interest in well located, appropriately specified and right sized office suites.  The centralised core and regular floor layout allow the building to be sub-divided to accommodate a range of occupier requirements.

Careful management and budgeting has facilitated the replacement of the building’s air conditioning system through the service charge (minimising the cost exposure to the Fund) and in doing so improved the EPC rating of the building from a D to a B, with the new system utilising 50% less energy than the system it replaced.