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For Sale£2,250,000.00

Mixed-Use Development Opportunity in Borehamwood: Upper Parts & Commercial/Freehold may be purchased separately

Residential, Residential Land, General Retail, Retail - High Street, Land, Office, Mixed Use, Other, Retail, Commercial Land, Offices, Other Property Types & Opportunities
Property type: Residential, Residential Land, General Retail, Retail - High Street, Land, Office, Mixed Use, Other, Retail, Commercial Land, Offices, Other Property Types & Opportunities
Tenure: Development Opportunity, Investment Opportunity, For Sale Freehold
Price: £2,250,000.00
Location: 1, Drayton Road, Borehamwood, WD6 2DA
Bid Deadline: Bid Pro Forma's to be completed and sent to dean.leslie@glpg.co.uk by Midday on Monday 11th June 2018.

Viewings conducted across two open-days - please contact our team for dates and to arrange an appointment, on 0203 640 6420 or email team@glpg.co.uk.

- Proposed scheme comprises conversion of first-floor and a second-floor extension to provide a mix of 10 apartments, broken down as 1 x studio, 7 x 1 bed & 2 x 2-bed apartments (1 x affordable rent & 1 x shared ownership)

- Upper parts may be purchased separately, held on a 999-year lease at a peppercorn ground-rent, at a Guide Price of £1.25m, STC

- Commercial Units and Freehold may be purchased separately, at a Guide Price of £1m, STC

- The potential for an enlarged scheme with further units by way of an additional storey or the conversion of the existing ground-floor office space, subject to all necessary consents

- Ground-floor consists of three commercial units, namely Morris & Joel Estate Agents, Vape in the Wood & a B1(a) Office, currently producing £71,000 PA

- Includes car park to the rear, with a number of single car garages to be demolished, allowing space for the proposed residential parking spaces

- The site benefits from detailed planning consent, application reference 17/1010/FUL from Hertsmere Borough Council

- Located in the heart of Borehamwood, benefiting from excellent transport links into Central London with major Airports being a short distance away

- Prominent site measuring approx. 0.22 acres/9,583 sq. ft

- Proposed Residential NSA of 5,898 sq. ft. / 548 sq. m.
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