1 Drayton Road, Borehamwood, Hertfordshire WD6 2DA

Upper Parts & Ground-Floor Commercial/Freehold may be purchased separately or as one

Key Information

Location

Borehamwood, Hertfordshire

Planning Status

Detailed Consent

Price

£1.25M: Upper Parts / £1M: Ground-Floor Commercial/Freehold,STC

Description

Mixed-Use Development Opportunity

Data Room

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Overview

Upper-parts and Ground-Floor Commercial /Freehold may be purchased separately or as one

DATA ROOM ACCESS CODE: draytonroad1 (case sensitive)

A rare opportunity to secure a prominent building, located just 500 feet from Elstree & Borehamwood Railway Station, benefitting from detailed planning consent, comprising a first-floor conversion, second-floor extension to create 10 apartments, retaining the ground-floor commercial space.

The building includes a rear car park, with provisions to demolish six single car garages, to provide parking space for the proposed residential units.

The ground-floor commercial units are currently producing an income of approximately £71,000 per annum.

Located seconds from all local amenities, this part of Borehamwood has experienced vast investment and regeneration over the past five years, with many Grade A covenant operators occupying the nearby retail and restaurant spaces.

Viewings to be held across two open-days – please contact a member of our team for dates and to arrange an appointment.

 

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Investment Summary

  • DATA ROOM ACCESS CODE: draytonroad1 (case sensitive)
  • 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
  • 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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