Summary - LLOYDS AND CO LETCHWORTH LTD, BIRDS HILL SG6 1JE
1 bed 1 bath Residential Development
**Standout Features:**
- Expansive 1.19-acre site in Letchworth Garden City
- Significant building with industrial character, approximately 35,745 sqft
- Designated for residential/alternative use under North Hertfordshire Local Plan 2011-2031
- High ceilings and arched windows showcasing Victorian architecture
- Low crime rate and affluent area
- Close to amenities and only a 10-minute walk from Letchworth Garden City station
- Ground rent of £32,500 P/A with options to extinguish
**Potential Concerns:**
- Requires renovation for intended use
- High ground rent may deter potential investors without negotiation
**Summary:**
Discover a rare opportunity to transform an expansive 1.19-acre site in Letchworth Garden City, ideally located within a family-friendly neighborhood. This former storage facility boasts a sizable Victorian industrial building with remarkable architectural details, presenting a canvas for redevelopment into residential or alternative uses. With planning permission already allocated for housing, the property is positioned for a lucrative investment. Enjoy the benefits of a quiet, green setting, while still being just a 10-minute walk from the station, effortlessly connecting you to London. The surrounding area is affluent with access to good schools, parks, and urban amenities, making it ideal for families looking for comfort and community.
However, potential buyers should note the property requires renovation and the ongoing ground rent of £32,500 P/A, although negotiations may present alternative options. This property represents an exceptional long-term investment with substantial potential; seize this opportunity before it's gone!
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