The Venue

Bancroft, Hitchin, Hertfordshire, SG5 1LL
A former Public House with detailed planning permission for 10 luxury apartments.

Acquired unconditionally on behalf of clients.

Located in a highly desirable commuter town, the site benefited from detailed planning permission for the construction of 10 new apartments with parking. We identified the site off-market and a deal was quickly agreed between the vendor and our client. Following agreement of sale, contracts were swiftly exchanged with completion 3 weeks thereafter.

Investment Summary

Planning Status:

Detailed Planning Permission

NIA:

6,969 Sq Ft

No of units:

10 Apartments

Site area:

0.2 acres

Est GDV:

 £3,100,000

Land Value:

£1,100,000

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