Summary - Elstree House, 39 Theobald Street, Borehamwood, Hertfordshire, WD6 WD6 4RT
1 bed 1 bath Residential Development
Ready-for-rebuild site near station ideal for experienced developers.
15 studio units across two two-storey blocks
Site area approximately 0.10 hectares (0.25 acres)
Vacant, derelict in places, requires full renovation or redevelopment
Direct access from Theobald Street into off-street parking area
Very short walk to rail station and town centre amenities
High recorded crime in the local area; security required
Tenure unknown; site currently under offer — availability limited
Excellent mobile and fast broadband; no flood risk reported
A substantial former residential hostel offering clear redevelopment potential in Borehamwood town centre. The freehold site extends to approximately 0.10 hectares (0.25 acres) and currently contains 15 studio units across two two-storey blocks. It sits at the end of a terrace, with direct access from Theobald Street into a private parking area and is within very short walking distance of the rail station and local amenities.
The buildings are vacant and require comprehensive refurbishment or redevelopment; descriptions note boarded windows, neglect, and possible damp in parts. Key asset drivers for an investor are the site size, close proximity to transport and town-centre retail, reliable broadband and mobile signals, and a surrounding mix of residential and commercial uses that support rental demand.
Material considerations are significant: the property is derelict in places, needs renovation or rebuilding, and is in an area with high recorded crime. Tenure is unknown and the site is currently under offer, which affects immediate availability. There is no flood risk reported.
This opportunity suits an experienced developer or investor able to manage planning, refurbishment and security works. Local schools include several ‘Good’ rated primaries and secondaries within easy reach, and the neighbourhood offers a broad range of shops, leisure and everyday services. The site’s size and location create options for reinstating managed studios, small flats, or a mixed residential scheme subject to planning.
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