Kings Langley Ladbrokes Unit Put Up for Sale – Future Uncertain
A well-established Ladbrokes betting shop in Kings Langley has been put up for sale, sparking uncertainty about its future in the village. The shop, located on Hempstead Road, has been a fixture in the community since 2011 and has a lease in place until June 2028. According to a listing on Rightmove, the site is being sold for £305,000.
The property for sale comprises the retail unit and a two-bedroom flat above the shop, providing an "opportunity to provide value" for potential buyers. The shop is situated in a parade of six shops and flats at the western end of the village, which benefits from short-term parking immediately at the front. The flat above the shop has its own separate entrance, although it shares a postal address with the shop.
The sale of the Ladbrokes unit comes at a time of change in the parade, with Simmons moving into the unit next door earlier this year. The addition of the new business has brought fresh foot traffic to the area, but the loss of Ladbrokes could be a significant blow to the local community. As a long-standing resident of the village, Ladbrokes has become an integral part of the local landscape.
According to the sales brochure, the property offers a unique opportunity for a buyer to purchase a well-established retail unit with a residential component. The shop has been well-maintained during its occupancy by Ladbrokes, and the flat above has been used as a private residence. The property’s location in a busy parade with ample parking facilities makes it an attractive prospect for potential buyers.
The news of the sale has sparked interest in the local community, with many residents expressing concern about the future of the shop. While Ladbrokes has been contacted for comment, no response has been forthcoming at the time of writing. It remains to be seen whether a new buyer will be found for the property, and what the implications might be for the local community if the shop were to close.
As reported by the Watford Observer, the Ladbrokes unit in Kings Langley has been a staple of the village for many years. The shop’s presence has been a significant factor in the local economy, and its loss could have a lasting impact on the community. The Watford Observer will continue to monitor the situation and provide updates as more information becomes available.
The sale of the Ladbrokes unit is a significant development in the village, and one that will be closely watched by local residents. As the property market continues to evolve, it remains to be seen what the future holds for this well-established business. One thing is certain, however: the people of Kings Langley will be keeping a close eye on developments.
Source: Watford Observer.
