Key Information
Location
St Albans, Hertfordshire
Planning Status
Consented
Price
POA
Description
Development Opportunity
Contact
Overview
GLPG was appointed to discreetly dispose of a freehold site in St Albans, Hertfordshire, benefitting from detailed planning consent to create a brand-new residential scheme, comprising 25 apartments with no on-site affordable housing.
Our in-house finance team also assisted in securing stretch funding for the purchaser, being a mix of senior-debt, development and mezzanine finance.
All parties are delighted with the end result and the purchaser looks forward to implementing the proposed scheme.
To discuss your ongoing buying and selling requirements, please get in touch with a member of our team on 0203 640 6420 or by emailing [email protected]
Investment Summary
- Detailed planning consent to provide 25 x 1, 2 & 3 bedroom apartments
- No on-site affordable housing
- Surface parking for all units
- St Albans City & District Council
- Proposed NSA: 19,809 sq. ft. / 1,840.3 sq. m.
- Proposed GIA: 20,785 sq. ft. / 1,930.97 sq. m.