Property Investments For
Hitchin Development Opportunity – 25 minutes to Central London Available
An unbroken parade of retail and residential property some parts in the same ownership for over 150 years.The block of property is made up of five interconnecting retail units some with upper parts above used for ancillary purposes, and two separate two bedroom flats, all totalling
The property is arranged over ground first and second floors at various points throughout the parade with separate access to the residential flats.
There is significant potential to convert some of the upper parts and build above single storey units to create at least a further 6,000sq ft of residential accommodation subject to planning.
The property is Listed Grade II under List nos. 1102193, 1173196, 1347601 and 1102194
The construction of the properties varies, mainly of traditional construction under pitched and flat roofs with rendered and brick painted elevations as well as non-painted brickwork. Shop fronts are of traditional construction and relate to the previous uses of the buildings.
The flats have been recently refurbished to a high standard.
Hitchin is a busy north Hertfordshire market town with a population of 33,352 as at the 2011 Census.The town is approximately 36 miles north of central London and lies on the A505 approximately 3 miles to the west of Junction 8 of the A1(M) and within 25 minutes drive of the M25, thus providing fast and easy access to central London and the national motorway link.The M1 (Junction 10) at Luton is approximately 20 minutes driving time away.
Railway communications from Hitchin station provide a fast and frequent service to London Kings Cross (35 minutes) and in
Dashwood Estates dashwoodestates.com 020 7632 7569
addition there is an interCity service available to the north of England and Scotland by changing at Stevenage.
The property is located on Bucklersbury, a one way street located off the main Market Square in the centre of Hitchin around a 10 minute walk from Hitchin station.The street is mainly of mixed residential and retail use with various occupiers from hairdressers to café’s and many other uses. It is also mere metres away from the most desirable road in there area,Tilehouse Street.
Developed residential property in this part of Hitchin comfortably sells for £500/sq ft and given the relative local importance of the building and the excellent location exceeding this should be possible. Potential GDV of £6-7m.
Bucklersbury, Hitchin SG5 1BB