Summary - 26-30, THEOBALD STREET WD6 4SG
1 bed 1 bath Residential Development
Freehold site with consent for 41 apartments and ground-floor commercial space, Offers Over £3.7m.
Planning granted: 41 apartments and 156.6 sqm Class E commercial space
A rare town-centre development parcel with planning consent for 41 apartments and ground-floor commercial space, offered freehold with Offers Over £3,700,000. The consented scheme delivers approximately 2,603.7 sqm (28,026 sqft) of residential NIA, about 156.6 sqm (1,686 sqft) of Class E commercial space and a pedestrianised courtyard. Eight affordable units are included in the consent (four First Homes; two shared ownership; two affordable rent).
The site occupies c.0.51 acres and currently comprises commercial and light industrial units with associated parking, making it suitable for a developer or investor ready to implement the granted mixed-use scheme. The proposal includes 10 car parking spaces and communal circulation; the location benefits from excellent mobile signal, reasonable local amenities and strong commuter links into London, appealing to young families and city workers.
Buyers should note constraints plainly: the consented scheme delivers only 10 off-street spaces for 41 apartments, which may influence resident parking demand or future planning conditions. The site sits within a higher-crime local profile and currently requires developer works to realise the permission (demolition/clearance and full construction fit-out). Broadband provision is average. The sale is freehold and subject to the stated tender/offer process.
For investors, the combination of a town-centre position, an operational commercial element and a planning package in place reduces entitlement risk and accelerates delivery for rental or sale. For occupier-led developers, the mix of market and affordable units and local school provision add family-market appeal, but parking provision and local crime levels should be factored into sales or management strategy.
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