Development opportunity in St.Albans, UK

St Albans, United Kingdom

Development

£12.000.000

2 May 2019

#314

Property Details

#314

1.72 ha

Freehold

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Fees

0.00 %

2.00 %

1.00 %

0.80 %

0.20 %

Investment Overview

A residential-led development opportunity with detailed planning permission located in St Albans, Hertfordshire. About this property: The site comprises an existing building known as the Old Electricity Works and a number of other 2-3 storey light industrial buildings. The Old Electricity Works building has been converted into an office space and the warehouse buildings to the rear are currently used by a builders merchant. The large yard at the rear of the site is used to store materials and equipment for the builders merchant. Key features: • A 0.70 hectare (1.72 acres) site • Consists of a former electricity works building along with warehouses • The site benefits from a planning permission for the redevelopment • For sale freehold with vacant possession Local information: The site is located on the eastern side of St Albans City, Hertfordshire. St Albans is to the north of Watford, south of Luton and east of Hemel Hempstead.

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Market data