Land to the rear of 638 Hertford Road, Enfield EN3 5TD
Offers in excess of £650,000
Freehold development opportunity with planning permission for 5 residential units
Planning permission granted to provide 5 residential units measuring 368m2 / 3,961ft2 (NSA)
Located off Hertford Road, Enfield
0.3 miles to Turkey Street Station
Offers in excess of £650,000
The existing demise has been formally used as ancillary storage space for the ground floor commercial unit, which fronts Hertford Road. The proposal seeks the redevelopment of the rear of the site to convert the ancillary buildings and courtyard area to provide 5 residential units, comprising 1 x 1-bed, 3 x 2-beds and 1 x 3-bed. Greggs and the single residential unit above 638 Hertford Road will be retained by the existing owner and continue to operate as in the current situation.
The site is located on the Hertford Road and fronts Turkey Street in the Freezy Water area of Enfield within the London Borough of Enfield, North London. The property is in close proximity to a number of large multiples such as Cineworld, B&Q, Next, Morrisons and TGI Fridays to name a few. Enfield town centre is a short drive from the site, with many shops and cafes including Marks & Spencer, Waitrose and Pearsons Department Store.
The site is within 0.2 miles to Ark John Keats Academy Primary and Secondary Schools, rated as outstanding by Ofsted.
Turkey Street Station (0.3 miles) to the west of the site, is on the Overground network on the route between Cheshunt and London Liverpool Street. Enfield Lock Station (0.6 miles) is within walking distance to the east of the site and provides services between London Liverpool Street and Hertford East and also Bishops Stortford and Stratford.
The M25 and the A10 Great Cambridge Road is directly accessible from the site.
Planning permission was granted on the 30th June 2017 under the application number 16/05917/FUL for the redevelopment of site and erection of part 2-storey, part 3-storey block of 5 flats comprising 1 x 1 bed, 3 x 2 bed and 1 x 3 bed together with balconies, associated landscaping and amenity space.
Access is to be made strictly by appointment only with sole agents Highfield Investments.
We have been advised that VAT is applicable.
Planning and other related documents will be sent in the form of an information pack that can be requested from a member of the Highfield team.
The property is liable for an Enfield CIL charge of approximately £17,351.82, however, this figure is currently being appealed for a reduction.
We are inviting offers in excess of £650,000 for the freehold interest.
Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.