Indicative Visualisation Aldenham Road, Bushey, Hertfordshire WD19 4AB Residential Development Opportunity For Sale

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1 Indicative Visualisation ENTER Residential Development Opportunity For Sale

2 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY Light industrial building extending to approximately 9,634ft 2 on a site of 0.22 acres Planning permission for the construction of 15 x flats (4 x 1 bed, 11 x 2 bed apartments) totalling 11,011ft 2 NIA All units for private sale Short walking distance from Bushey Station Offers invited in excess of 2,000,000 for the freehold interest

3 DESCRIPTION & LOCATION HOME SUMMARY DEVELOPMENT TERMS DESCRIPTION The property comprises a two-storey light industrial building extending to approximately 9,634ft 2 which has previously operated as a mechanical engineering workshop. The site area extends to circa 0.22 acres (890m 2 ) and is bounded by residential dwellings to the south and east, and the car park of a public house to the west. The property is currently fully vacant. LOCATION The property occupies a prominent position on the eastern side of Aldenham Road within the Hertfordshire town of Bushey. The Local Authority is Watford Borough Council. Bushey High Street is located circa 0.9 miles from property which hosts a number of shops, restaurants and amenities. More substantial commercial offerings are available within Watford town centre which is also circa 0.9 miles away. Both Bushey Infant School and Bushey Manor Junior located under 0.5 miles from the property. Bushey Station (London Overground) is situated circa 100 metres from the property and provides regular, direct services into Central London, including London Euston in under 20 minutes.

4 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS PLANNING & DEVELOPMENT POTENTIAL Planning permission was granted in 7th December 2017 (ref: 17/00685/FULM) for demolition of the existing buildings and the construction of a single building providing 15 residential units (4 x 1 bed and11 x 2 bed apartments) extending to approximately 11,011ft 2 NIA in total. All units are for private sale with no on-site affordable housing requirement. We understand that the approval is subject to as Section 106 contribution of 322,292. There is a CIL liability of approximately 43,000. PROPOSED ACCOMMODATION SCHEDULE Unit Floor Description NIA ft 2 NIA m 2 1 Ground 1 Bed Flat Ground 1 Bed Flat Ground 2 Bed Flat Ground 2 Bed Flat Ground 2 Bed Flat First 2 Bed Flat First 1 Bed Flat First 2 Bed Flat First 2 Bed Flat First 2 Bed Flat Second 2 Bed Flat Second 1 Bed Flat Second 2 Bed Flat Second 2 Bed Flat Second 2 Bed Flat Total 11,011 1,043 Indicative Visualisation Proposed front elevation

5 HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The property will be sold freehold with vacant possession upon completion. VAT The property is not elected for VAT. TERMS Offers are invited in excess of 2,000,000. ADDITIONAL INFORMATION Further information including planning and legal documents are available within our dataroom using the access code Aldenham. CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Jordan Oldfield Paul Heale Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: