Sturlas Way, Waltham Cross EN8 7BF Retail Warehouse with Development Potential For Sale - Kingsbury
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ENTER Sturlas Way, Waltham Cross EN8 7BF Retail Warehouse with Development Potential For Sale
www.kingsbury-consultants.co.uk Sturlas Way, Waltham Cross EN8 7BF
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
SUMMARY
• Retail warehouse extending to approximately
45,122ft2 (NIA) and 195 space car park which
occupy a site area of circa 2.9 acres, let to
Homebase until 23rd November 2020
• Pre-application consultation taken place
with Broxbourne Borough Council in relation to
comprehensive redevelopment of the
site to provide 225 residential units and 10,763ft2
of commercial space
• Prominent location with Theobolds Grove and
Waltham Cross stations situted 0.3 miles from
the property, offering direct links to London
Liverpool Street
• Offers invited for the freehold interest on either
an unconditional or subject to planning and
vacant possession basis
www.kingsbury-consultants.co.uk Sturlas Way, Waltham Cross EN8 7BF
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
DESCRIPTION
The existing property comprises a retail warehouse (Use Class A1) which extends to
approximately 45,122ft2 NIA over ground floor plus mezzanine level.
The property also benefits from an outdoor retail area which extends to approximately
12,981ft2 and car parking for circa 195 vehicles.
The site area extends to approximately 2.9 acres and vehicular access is currently taken
from Sturlas Way.
Floor NIA ft2 NIA m2
Ground Floor 34,412 3,197
Mezzanine Floor 10,710 995
Outdoor Retail 12,981 1,206
Total 58,103 5,398
LOCATION
The property is prominently located between High Street and Monarchs Way near Waltham
Cross town centre (a key regeneration area). The Local Authority is Broxbourne Borough
Council .
The immediate area comprises a wide range of retail, office and residential uses, with
numerous shops, restaurants and amenities available within close proximity of the site.
Theobolds Grove and Waltham Cross stations are located within walking distance of the
property with Theobolds Grove approximately 0.3 miles providing Overground services to
London Liverpool Street in 36 minutes and Waltham Cross providing national rail services to
London Liverpool Street in 29 minutes and Bishops Stortford in 33 minutes.
www.kingsbury-consultants.co.uk Sturlas Way, Waltham Cross EN8 7BF
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
PLANNING & DEVELOPMENT POTENTIAL
The property is not locally or statutorily listed, and is not located within a Conservation Area.
The site forms part of the Waltham Cross Town Centre Strategy Area, which has been
allocated within Broxbourne Borough Council’s Local Plan (created March 2018) for mixed
use redevelopment to provide circa 300 new homes.
The property offers potential for comprehensive redevelopment to create a mixed-use
scheme comprising ground floor replacement retail space and self-contained residential
apartments, subject to obtaining the necessary consents.
Pre-application consultation has taken place with the Local Authority in relation to
comprehensive redevelopment of the property to provide 225 residential apartments and
10,763ft2 of ground floor commercial space, where the principle of this scheme is accepted.
The pre-application submission document and formal feedback is available to download
from our dataroom.
TENANCY
The property is let to Homebase (www.homebase.co.uk) at a current rent of £519,000 per
annum until 23rd November 2020, in a Landlord and Tenant Act protected lease.
The property is to be sold subject to the tenants remaining in-situ. Offers will also be
considered subject to the Seller providing vacant possession.
Indicative Visualisations
www.kingsbury-consultants.co.uk Sturlas Way, Waltham Cross EN8 7BF
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS
TENURE
The property will be sold freehold.
VAT
The property is elected for VAT.
TERMS
Offers invited for the freehold interest on either an unconditional or subject to planning and
vacant possession basis.
ADDITIONAL INFORMATION
Further information including the indicative drawings are available in the dataroom using
access code ‘Sturlas’.
CONTACT
To discuss any aspect of the property of disposal process, please contact the sole
selling agents:
Ilia Ago
020 7183 2529
ilia.ago@kingsbury-consultants.co.uk
Ross Kemp
020 7183 2529
ross.kemp@kingsbury-consultants.co.uk
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: 06869268.
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