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2.09-acre site with redevelopment potential

Radlett, United Kingdom

90%

£10.000.000

Development

#17054

Value-Add

27 Oct 2024

Property Details

Broker

For sale

46,339 sq.ft.

4,305 m²

GIA

215 £/sq.ft.

2,322 £/m²

0.00 %

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

A rare and attractive opportunity for investors, developers, and owner occupiers to acquire a 2.09-acre site with redevelopment potential, subject to planning. Strategically located in Radlett which offers excellent road connectivity to London and the rest of the UK, via the M1 (J5) 5 miles and M25 (J21a) 3 miles. Property provides a 46,339 sq ft (GIA) building set across ground and lower ground floors. Offering light industrial/office accommodation. Excellent public transport links with Radlett Station 1.2 miles to the south of the site. Planning has recently been approved to extend and re-model the property to add an additional 19,806 sq ft.. Property was constructed in 2001 to provide self-contained building offering a combination of office, production, and storage accommodation. The property totals 46,339 sq ft (GIA), extending across two-storeys. It lends itself to sub-division into potentially three areas on the lower ground floor and two on the ground floor.