• Prime South East Consented Development Opportunity.
• Welwyn Garden City is an affluent and desirable commuter town in Hertfordshire.
• Welwyn Garden City connects to Central London in under 30 minutes.
• The property is situated in a prime town centre location between The Howard Centre and John Lewis.
• Freehold.
• A highly prominent former department store comprising an attractive corner building.
• The existing building comprises 33,874 sq ft and the proposed scheme provides 41,043sq ft.
• Planning consent has been approved and granted for conversion plus new build to provide 27 residential apartments comprising 18 one bedroom and 9 two bedroom units.
• Large commercial space suitable for avariety of uses, subject to the necessary consents.
• We are instructed to seek offers in excess of £4,250,000 (Four Million Two Hundred and Fifty Thousand Pounds), excluding VAT and subject to contract.
• A purchase at the asking price would equate to £125 per sq ft capital value overall on the existing floor area and £103 per sq ft on the proposed floor area.
