Retail units earmarked for a multi-flat development in Watford are now on the market for £1.6 million.

The shopping parade on St Albans Road, comprises of eight retail units and four flats - three of which are vacant.

Also included in the package are commercial units for five tenants to let and a two storey building totalling 5,314 sq ft.

Planning permission has been approved for an additional four penthouse flats to be built above the current retail and residential units between 344a -338 St Albans Road.

According to the site plan, each new residence will feature bedroom, kitchen and living spaces in addition to a single bathroom.

The proposed second floor plan for the St Albans Road development.The proposed second floor plan for the St Albans Road development. (Image: The Gillet Macleod Partnership)The developer is now looking to sell to a new owner who is willing to carry out the consented work, or utilise the current space.

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A number of business already occupy the St Albans Road commercial plot including Watford Cafe, Hilton Flooring and Gill Butchers.

"This parade is situated on the prominent St Albans Road, one of Watford's busiest thoroughfares," the listing reads.

"It benefits from high footfall and excellent visibility, ideal for attracting both local and passing trade. The mix of shops and residential units offers a balanced investment opportunity."

To view the planning application in its entirety search 24/00190/FUL at Watford Borough Council's planning portal.