Development Opportunity To Create A Mixed-Use Scheme Comprising 41 Apartments & Commercial Units
Summary
- The existing site extends to approximately 0.51 aces (0.2 ha) and comprises commercial and light industrial units with associated parking
- The surrounding area is mixed-use, comprising residential, commercial, retail, leisure and community uses
- Planning has been granted to create a mixed-use scheme comprising 41 apartments and approximately 156.6sqm (1,686 sqft) of commercial use on the ground-floor
- The proposed development comprises 8 affordable units (4 x first homes in North Block & 2 x shared ownership and 2 x affordable rent within South Block)
- The total proposed NIA (residential) is approximately 2,603.7 sqm (28,026 sqft)
- The proposed scheme delivers an attractive pedestrianised courtyard and 10 car parking spaces
- The property is available freehold by way of informal tender (unless sold prior) at Offers Over £3,700,000, subject to contract
Location
Borehamwood is a popular commuter town in Hertfordshire, situated 10 miles northwest of central London, just south of the M25 and between the M1 and A1, with excellent connectivity to both London and surrounding areas.
The property is conveniently situated close to a range of local amenities. Borehamwood Shopping Park, located to the east, offers a variety of large retail stores, including M&S and Next, providing a range of shopping options.
Shenley Road, just a short walk from the property, features various restaurants, cafes, shops, and other services.
Nearby amenities include: Sainsbury’s Local, Starbucks, Nando’s, Holland & Barrett A cinema, among others.
The residential market in Borehamwood is underpinned by its excellent travel links into Central London and the wider southeast.
The area is serviced by regular rail services via Thameslink. The property is only a 5-minute walk from Elstree & Borehamwood Station, with a 23-minute journey to King’s Cross Station.
The area also benefits from its strong employment base, including large film and TV studios: Sky Studios Elstree officially opened in March 2023. The state-of-the-art facility has 13 stages across 27.5 acres and is used for Sky Originals and major film productions from NBCUniversal. Sky is planning to extend its campus by developing “Elstree North”, which would create 2,000 jobs on a 26-acre site.
Get directions from Google Maps
Mainline Stations
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Elstree and Borehamwood4 mins
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Radlett49 mins
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Mill Hill Broadway63 mins
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Bushey88 mins
Underground Station
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Elstree and Borehamwood4 mins
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Stanmore52 mins
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Edgware56 mins
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Mill Hill Broadway63 mins
Further Information
Price Offers in excess of £3,700,000
Rates Payable Upon Enquiry
Service Charge n/a
Estate Charge n/a
Description
Detailed planning permission has been granted (Ref: 23/1775/FUL - Hertsmere Borough Council) to demolish the existing buildings and redevelop the site to create 41 apartments and commercial units (Class E) on the ground floor.
The proposed scheme comprises 16 x one-bedroom and 25 x two-bedroom apartments across two blocks (South Block & North Block) and approximately 156.6 sqm (1,686 sqft) of commercial use. The total proposed GIA is approximately 4,011 sqm (43,174 sqft).
8 affordable units re proposed (4 x First Homes in North Block) & 2 x Shared Ownership and 2 x Affordable Rent within South Block.
10 parking spaces are proposed (7 spaces within the under croft area and 3 spaces on the road adjacent) and 66 cycle spaces)
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