Delamare Road, Cheshunt EN8 9AP
Offers in the region of £1,750,000
The property comprises 6 light industrial units which extend to approximately 5,672 sq.ft. We understand that the existing use class of the properties to be B1(c) light industrial.
Vehicular access to the site is taken directly from both Delamare Road or Windmill Lane with multiple parking spaces available to the front and rear of the property.
The site is bounded by a mix of low rise workshops and offices, most of which are part of the wider masterplan to be converted to residential units.
The property is located on Delamare Road in Waltham Cross within the London Borough of Broxbourne.
The nearest shops and local amenities are situated on Cheshunt High Street, including several cafes, supermarkets, retail outlets and restaurants approximately 0.5 miles to the west of the property.
Cheshunt will be experiencing significant regeneration with the property being situated within the wider Cheshunt Lakeside Masterplan.
Cheshunt Station is located approximately 0.2 miles south of the site, providing Overground services to London Liverpool Street in 25 minutes.
Planning & Development Potential
The property benefits from B1(c) light industrial use, made up of warehouse and ancillary office space.
The property sits within phase 4 of the Cheshunt Lakeside Masterplan which is yet to be fully implemented, providing a good opportunity to add value through securing planning permission. Given the size of the site and taking into account the height and design highlighted in the Masterplan we expect the site to achieve a high density residential scheme ranging from 4-5 storeys.
Inland Homes is working in partnership with Broxbourne Borough Council to transform Cheshunt Lakeside with 1,725 new homes, business space and new amenities including a new primary school.
Phase 1 is now underway which will provide 796 residential units. Further information on Cheshunt Lakeside Masterplan can be found here.
The property is currently fully let to multiple tenants obtaining an overall annual rent of £74,000 as set out in the tenancy schedule.
The Property is elected for VAT.
Offers are invited in the region of £1,750,000 for the freehold interest.
Further information is available within our dataroom using the access code ‘George’.
Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
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- B1(c) light industrial units extending to approximately 5,672 sq.ft. NIA of warehouse space with ancillary office use
- Fully let to various tenants generating £74,000 per annum reflecting £13 per sq.ft.
- Potential for mixed-use redevelopment, subject to obtaining the necessary planning permission
- Located in an area of future regeneration sitting within the Cheshunt Lakeside Masterplan with a view to delivering 1,725 new homes
- Offers invited in the region of £1,750,000 for the freehold interest
To discuss this opportunity further, please contact Chris Incledon or Jordan Oldfield on 020 7183 2529