Arden House, West Street, Leighton Buzzard, LU7 1AW

PDR to create 30 x 1-bed apartments

Key Information

Location

Leighton Buzzard, LU7

Planning Status

Permitted Development Rights

Price

£2,250,000 - Offers Over

Description

Development Opportunity

Data Room

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Overview

The sale of the freehold interest in a vacant office building benefitting from permitted development rights for a conversion into 30 x 1-bedroom apartments.

The proposed scheme includes a total residential net saleable area of approx. 10,813 sq. ft. / 1,005 sq. m.

20 surface parking spaces are currently comprised within the existing site and there is further development potential by way of an air space extension, subject to obtaining all necessary consents.

Offers are invited in excess of £2,250,000, subject to contract.

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Investment Summary

  • The sale of the freehold interest in a vacant office building benefitting from permitted development rights to create 30 x 1-bed apartments with 20 surface parking spaces
  • Total proposed net internal area of approx. 10,814 sq. ft. / 1,005 sq. m.
  • Total gross internal area of approx. 14,585 sq. ft. / 1,355 sq. m.
  • The site extends to approx. 0.37 acres / 16,046 sq. ft. / 1,490.7 sq. m.
  • The proposed scheme includes a resident’s gym on the ground-floor
  • It is our understanding that there are no CIL or Section 106 liabilities – we strongly encourage all interested parties to carry out their own due diligence to confirm this
  • Located 0.5 miles from Leighton Buzzard Railway Station

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