The freehold site is a former residential hostel owned by Hertsmere Borough Council. The site extends to approximately 0.10 hectares (0.25 acres) and includes 15 studios comprised within two x 2 storey blocks within very close walking distance of the rail station and town centre. The property is vacant and positioned on the end of a row of terraced homes. Access into the site is located at the southern boundary direct from Theobald Street and opens into a parking area.
Being a site within close proximity to the town centre, surrounding uses are diverse and include residential, employment, retail, restaurants and cafes.
( Agency Pilot Software ref: 26841 )
Location
The site is located close to the western edge of Borehamwood approximately 100 metres west of Borehamwood Shopping Park and 200 metres north of Elstree and Borehamwood rail station which provides direct access to London St Pancras in around 25 minutes. The BBC Elstree Centre and Elstree Studios are situated 0.6 and 0.7 miles to the east, respectively.
Accommodation
0.10 HECTARES (0.25 ACRES)
Terms
PLANNING POSITION The site does not have a specific designation within the current Hertsmere Borough Local Plan but clearly has an established residential use. There are no current planning applications or recent permissions affecting the site. Several town centre apartment schemes have received planning permission in the last few years. These include schemes at Glenhaven Avenue under reference 18/2269/FUL and also on Theobald Street under reference 23/1775/FUL, representing an ongoing improvement of the immediate area of the site. A development of under 10 dwellings will not trigger the requirement for affordable housing. In the event of a proposed scheme comprising 10 dwellings or more, it may be possible to make a contribution to off-site affordable housing on another site within the ownership of Hertsmere Borough Council, via a commuted sum. Further information with regard to the calculation of commuted sums in Borehamwood, is included in the information pack
SERVICES We understand that mains gas, electricity, water and drainage are connected to the site.
TENURE The freehold interest is being offered for sale with vacant possession on completion. The current version of the legal title shows a registered leasehold interest. This leasehold is no longer in existence and the title is being updated by Land Registry.
VAT The property is not elected for VAT.
INFORMATION PACK We have included some details relating to the property in the information pack.
MARKETING AND OFFERS The site is being offered for sale by Informal Tender by the advertised bid deadline. Both Subject to Planning and Unconditional offers are invited, however, given the existing residential use, unconditional offers for a residential development may be preferred.
Specification
- Existing residential site
- Vacant possession
- Town centre location
- Only 200 metres to Elstree & Borehamwood Rail Station Centra
- l London – 14 miles; Luton Airport – 20 miles London
- St Pancras – 26 minutes by rail