Land for sale in The Stow, Harlow CM20

Development opportunity - planning recently approved - June 2023

Executive Summary:

A stunning residential led development opportunity with planning recently approved in June 2023 for a new build, mixed-use scheme with an estimated gdv in the region of £35.3 million.

The scheme will comprise of 116 no. Private 1,2 and 3 bedroom apartments and 482 sq m of commercial space E(g) arranged across 15 no. Commercial units.

A popular commuter town location with evidence of new apartment sales at strong values. The area is known for it’s green open spaces, country walks and fantastic local amenities. The site is positioned within walking distance of Harlow Town Centre with good transport links and quick access in to the City in just under 30 minutes.

Description:

A premium apartment scheme approved in June 2023 taking full account of the latest building regulations and featuring a landscaped private mews courtyard, a rooftop garden which services the penthouse floor, under croft parking and landscaped podium.

The approved scheme comprises of 116 no. Private apartments (51 standard x 1 beds, 54 standard x 2 beds, 1 standard x 3 bed, 1 duplex x 1 bed and 9 duplex x 2 beds). In addition, there is 482 sq m of ground floor commercial space E(g) arranged across 15 x commercial units.

A 100% private tenure apartment scheme with no affordable housing requirements. The low-rise scheme is set over a total of 5 floors. There are 83 parking spaces in total (71 no. Residential x parking spaces, 5 no. Residential x disabled bays, 5 no. Commercial x parking spaces and 2 no. Commercial x disabled bays).

The site can be accessed from The Stow and is located approximately 0.9 miles East of Harlow Town Centre. A cleared site ready for development measuring approximately 0.51 hectares (1.26 acres). Formerly the service bays, the site previously housed a variety of business spaces which have since been demolished.

Terms:

Price:
Immediate offers are invited in excess of £5,500,000 subject to contract.

Tenure:
Being sold Freehold with full vacant possession. Owned under 4 separate registered titles; EX416514 / EX852185 / EX572706 / EX913849.

Method of sale:
In the first instance all interested parties should confirm their interest. The property will be sold by private treaty. Offers are sought for the freehold interest on an unconditional basis.

VAT:
We understand that the site has not been elected for VAT.

Timescales:
Quick timescales for exchange and completion are preferred.

Viewings:
The site is secured and fenced. All viewings are strictly by appointment only via the joint sole agents.