A 6,250 square foot Watford High Street store has gone on the market ahead of its closure tomorrow.
The lease for the Poundland unit next to HSBC and the atria Watford entrance is being marketed for a new business to take over by estate agents David Charles Property Consultants.
A new business looking to launch a store in the unit can expect to pay £180,000 per year for a 4,770 square foot ground floor (slightly smaller than a basketball court) and 1,480 square foot basement (around half a tennis court).
The store also has a 1,130 square foot rear yard, and is described as having a “prime town centre location” in the listing.
Poundland will be closing on the High Street on Friday (December 1), before opening a new store in part of the former John Lewis unit in atria Watford's upper mall the next day.
The company’s Watford store manager Natalia Moroziuk said: “We are very excited to share the news that your new local Poundland store in Watford is going to be opening from 9am on Saturday.
“We are looking forward to seeing everyone there.”
She added that the expansion will create eight new jobs, with the rest of the staff transferring from the High Street store.