Retail Space FOR RENT in Watford, Hertfordshire

Property Description

Woodside Leisure Park – Leading Leisure Destination in North Watford
Situated just north of Watford town centre, Woodside Leisure Park (WD25 7JZ) enjoys a prime location near Junction 6 of the M1, easily accessible via the A405. The site is well-served by public transport, including local bus routes 8 and 10, and benefits from on-site parking for up to 725 vehicles. Its proximity to key commuter routes enhances accessibility for visitors from both Watford and surrounding towns.
Woodside Leisure Park comprises approximately 91,807 sq ft of dedicated leisure space under Use Class E(b). The scheme is a key part of Watford’s entertainment offering, drawing steady footfall from families, commuters, and weekend visitors alike.
The scheme is anchored by Vue Cinema, offering a multi-screen cinema experience. Additional leisure and family entertainment is provided by Hollywood Bowl and Gambado (children’s indoor play centre). Complementing the leisure anchors are well-established food and beverage operators including:
Frankie & Benny’s
Chiquito
Recent planning applications suggest ongoing evolution of the site’s F\&B mix, further reinforcing its position as a destination hub.
Watford boasts a population exceeding 100,000, with a wider catchment of over 300,000 residents. The town benefits from strong transport infrastructure, a growing commuter base, and continued inward investment. These factors support sustained demand for leisure, dining, and experiential uses at key locations such as Woodside.
The park’s accessibility is a core strength:
By Car: Located off the A405, within 2 minutes of the M1 (J6)
By Public Transport: Served by local buses (8 & 10)
Parking: 725 car parking spaces available on-site
Woodside Leisure Park presents long-term asset management opportunities through F\&B mix enhancement, possible reconfigurations, or integration with adjacent commercial development. The scale and prominence of the scheme provide potential for future rental growth and tenant repositioning in line with evolving market trends.
Rent: Price on application (POA)
Based on comparable leisure schemes and existing tenants, estimated rents range from £22 to £30 per sq ft, placing the overall asset value between £18 million and £25 million, subject to lease length, tenant covenant strength, and net operating income.
Asset: Woodside Leisure Park, Watford, WD25 7JZ
Size: 91,807 sq ft (Leisure Scheme – Use Class E(b))
Tenants: Vue, Hollywood Bowl, Frankie & Benny’s, Chiquito, Gambado
Location Advantage: Immediate access to M1, extensive parking, strong regional draw
Price: POA – estimated value £18–25 million
Next Steps: Secure tenancy schedule, confirm lease expiries and WAULT, assess redevelopment potential