Birds Hill, Letchworth Garden City, Hertfordshire, SG6 1JE

SUMMARY

* Opportunity to acquire a site with significant redevelopment potential for residential /alternative uses, subject to obtaining the necessary consents.

LOCATION

* The site is located in Birds Hill, Letchworth in the county of Hertfordshire and is a 10-minute walk from Letchworth Garden City overground railway station, providing services into St Pancras International within 38 minutes.

DESCRIPTION

* The site is set within grounds extending to approximately 1.19 acres and comprises an existing warehouse building providing industrial floorspace arranged across ground and mezzanine level and office floorspace on the first floor. The property extends to a total area of approximately 35,745 sqft GIA.

* A ground rent of £32,500 P/A is payable until 2112 which is when the next rent review occurs - a deal in principle has been agreed to extinguish this charge for a one-off payment of £450k should you wish to take this up.

* The site is currently vacant and was most recently used as a storage facility.

DEVELOPMENT POTENTIAL

* We have been advised that the site offers significant development potential, including but not exclusive to Industrial, storage, warehouse, residential, and retirement use, subject to obtaining the necessary consents.

* The site has been allocated for residential use.

* The North Hertfordshire Local Plan 2011-2031 was adopted on Tuesday, 08th November 2022. It identifies the site as within the settlement of Letchworth and as a Housing Allocation under Policy SP8. It states that higher density/flatted development may be achieved given the surrounding built form.

* We advise all potential purchasers to undertake their own due diligence in regards to a potential scheme and seek their own planning advice.

TERMS

* The site is available leasehold with the benefit of an 890-year lease.

* Price On Application