Summary - LLOYDS AND CO LETCHWORTH LTD, BIRDS HILL SG6 1JE
1 bed 1 bath Land
Prime Letchworth plot with clear redevelopment appeal for developers and investors.
Very large mixed-use plot with industrial buildings and substantial hard standing
Located 0.5 miles from Letchworth station; good commuter links
Residential allocation in local plan; feasibility studies available on request
No planning permission granted; redevelopment requires full planning consent
Long leasehold interest with 890 years remaining, not freehold
High ground rent of £32,500 pa — significant ongoing cost
Suitable for commercial use now (storage, light industrial, offices)
Broadband speeds slow; excellent mobile signal
A rare long-lease opportunity in Letchworth Garden City, offered as a substantial industrial and hard-standing site with clear redevelopment potential. The site sits within a residential allocation in the North Hertfordshire Local Plan and has had feasibility studies prepared for apartment-led and housing-led schemes, which are available on request. Its scale and industrial buildings suit continued commercial uses or conversion into residential units subject to necessary consents.
Practical positives include very large plot size, excellent mobile signal, low local crime and proximity to Letchworth station (0.5 miles) and nearby schools—advantages for both occupiers and future residents. The site could continue as warehousing, light industrial, storage or offices while planning is progressed, providing income or short-term use while proposals are developed.
Important commercial constraints are straightforward and must be considered: the sale is the long leasehold interest (leasehold) with 890 years remaining and a high ground rent of £32,500, described as extreme. No planning permission is currently granted, so any residential redevelopment would require submitted applications despite the site’s allocation; feasibility reports and a topographical survey exist to support proposals. Broadband speeds are reported as slow, which may affect certain occupiers but mobile signal is excellent.
This offering is aimed at developers or investors who can absorb upfront holding costs and navigate planning. The plot’s size and existing industrial character present strong potential for a scheme that leverages local demand, but the ground rent and leasehold terms are material factors in valuation and financing.
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