150-156 Marlowes, Hemel Hempstead, HP1 1BA

Detailed Planning Consent for a part-conversion & air space extension to create 18-apartments

Key Information

Location

Hemel Hempstead, HP1

Planning Status

Detailed Planning Consent

Price

£1,000,000 - Offers Over

Description

Development Opportunity

Data Room

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Overview

The sale of a freehold site with detailed planning consent for a part conversion & extension to create a mix of 18 private-sale apartments, with no on-site affordable housing.

The proposed scheme benefits from detailed planning consent across three planning applications (see the brochure for more information) for the conversion of existing first-floor space, and to create additional storeys within the air space to implement the proposed scheme.

The site is located on Marlowes, Hemel Hempstead, surrounded by an abundance of local amenities, including, restaurants, shops, supermarkets, schools, colleges and a hospital.

The site extends to approx. 0.34 acres / 14,810 sq. ft. / 1,376 sq. m, with the proposal net saleable area of the proposed scheme totalling approx. 8,852 sq. ft. / 822 sq. m.

Please see the brochure for more information and if you have any questions or wish to arrange a viewing appointment, please contact a member of the Investments Team on 020 3640 6420 or by emailing [email protected]

 

View brochure
Investment Summary

  • Freehold site with detailed planning consent for a part conversion & extension to create a mix of 18 private-sale apartments
  • Proposed Residential NSA approx. 8,852 sq. ft. / 822 sq. m.
  • Ground-floor commercial space to be retained by the current owner by way of a new 999-year lease at a peppercorn rent
  • Prominent site measuring approx. 0.34 acres / 14,810 sq. ft. / 1,376 sq. m.
  • CIL estimated at approx. £126,000 and we understand there to be no S106 liabilities
  • No on-site affordable housing

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