Freehold Car Repair Centre with Development Potential / Turners Hill, Cheshunt EN8
An opportunity to purchase a car repair centre with lapsed planning permission in the town centre of Cheshunt.
The entire site measures approximately 0.19 acres and is currently rented to a tenant for £65,000 per annum with the designated use class E (Commercial, Business and Service). Vacant Possession can be provided to any incoming purchaser.
The site was granted planning permission in 2013 for the demolition of the existing car garage buildings and the redevelopment of 2 three storey blocks with 11 residential units with car park in the basement. Additionally, planning was also granted in 2015 for the demolition of the existing buildings and redevelopment of 1 three storey block of Office/Retail and 1 three storey block of 2 x one beds and 4 x two bed residential units. Both planning permissions have now lapsed, but demonstrate the clear development potential of the site.
The owners are open to Subject to Planning and unconditional offers in excess of £1,200,000.