Key Information
Location
Bushey, Hertfordshire
Planning Status
Consented
Price
£4,200,000
Description
Development Opportunity
Contact
Overview
After acquiring the site for our Client on an unconditional basis, we further disposed of the site with the benefit of detailed planning consent to a reputable and well-established housing association based locally.
GLPG worked closely with the Seller throughout the entire planning process, advising them on all manners of extracting maximum value from the site, with a view to a disposal upon receipt of planning consent.
Alongside Sewell & Gardner Estate Agents, GLPG have been instructed to manage the sale of the 25 apartments within the proposed scheme, due for practical completion in the Summer of 2019.
For any information relating to this site, other instructions or if you are interested in purchasing an apartment within the new development, please contact a member of our team on 020 3640 6420 or email [email protected]
Investment Summary
- Consented scheme provides a mix of 25 x 1 & 2 bedroom apartments
- Proposed scheme is split amongst two blocks, each with separate road accesses, as well as a shared communal garden and access point
- Located in the heart of Bushey, within 0.8 miles from Bushey Station
- Prominent site, located minutes from all local amenities and transport facilities including Watford Town Centre being a short distance away
- Site area: 0.62 acres
- Total net saleable area: 21,050 sq. ft / 1,956 sq. m.
- Existing site consists of two vacant buildings, previously used as a care home, totalling approximately 12,000 square feet
- CIL contribution of £550,000, two affordable units to be provided on-site (units 16 & 17) and no further S106 contributions
Our Client
ISE Investments