0 Bedroom House for sale in East of England, England for GBP £1,100,000

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01462 892041

Satchells - Baldock (Sales)

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FREEHOLD RESIDENTIAL SITE FOR SALE WITH PLANNING PERMISSION

THE OLD MALTINGS, PARK STREET, BALDOCK, HERTS AND 31A HITCHIN STREET, BALDOCK, HERTS SG7 6AQ

The Old Maltings, Park Street & 31A Hitchin Street in Central Baldock, measuring approx 0.387 of an acre with approx 18,000sq ft of buildings. Planning permission has been granted to convert to 11 luxury two and three bedroom mews style properties, ranging in size from 900 to 1700sq ft, most with walled gardens and all with parking. The building currently comprises the old Pedals bicycle shop facing Hitchin Street, a snooker hall and a spa , with access from both Park Street and Hitchin Street. Alternative uses could be, subject to planning, higher density retirement homes, social housing, a dentists or a mixture of commercial and residential, or perhaps even a restaurant.

Planning application: 08/00352/1 - relating to The Maltings

Planning application: 07/02170/1 - relating to 31A Hitchin Street

Ordnance survey map ref: TL 2433NW

For an information pack and plans please call 01462 892041

REASONS TO PURCHASE:
Baldock is undergoing an extensive town centre enhancement creating a coffee culture. There is strong demand for a unique and select development for owners of substantial homes looking to downsize to large apartments with character features and small manageable outside space. Baldock also attracts younger professional people who wish to have easy access to London. Sales have continued to do well in 2008 and whilst we have seen a reduction in prices, our projected G.D.V. of £3 million reflects this. There is also strong demand for a pizza/pasta style restaurant and perhaps the remainder of the building be converted as buy to lets as the rental market continues to flourish.

Property Ref:1_304_1382786

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(~6 miles) Stevenage
(~12 miles) Luton
(~14.9 miles) Bedford
(~17.1 miles) St. Albans
(~19.1 miles) Cambridge
(~19.2 miles) Harlow
(~19.5 miles) Hemel Hempstead
(~23 miles) Enfield
(~24.5 miles) Watford

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Disclaimer: Property Reference: 372721c52309 This listing is a property advertisement. PropertyIndex.com does not control the content of the advertisement and makes no warranty as to the accuracy or completeness of the advertisement, or any associated or linked information. This property advertisement does not constitute property particulars. The information is maintained by Satchells - Baldock (Sales). Please contact the owner, selling agent or developer directly to obtain any information.

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