Development Properties: 26 Stonehills, Welwyn Garden City AL8 6NA

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26 Stonehills, Welwyn Garden City AL8 6NA

OIEO £4,250,000 - subject to contract - Freehold

• 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.