Commercial Property for sale in Bowsers Lane, Hadstock, Saffron Walden
VACANT COMMERCIAL PREMISES WITH DEVELOPMENT POTENTIAL (STPP)
- Freehold with vacant possession.
- 9,551 sq ft
- Located on former Airbase of Little Walden.
- Potential to redevelop or refurbish the existing buildings subject to necessary planning consents.
LOCATION The subject property is located on the former Little Walden Airbase, off Bowsers Lane, between Little Walden to the south and Hadstock to the north. The subject property is approximately 4 miles to the north of the affluent commuter town of Saffron Walden. The town has a resident population of 15,000 and is a popular tourist destination due to its charm, character and wealth of medieval listed buildings.
The property is served by several train stations in close proximity, including Cambridge, Audley End and Whittlesford Parkway which provide regular services to London's Liverpool Street station with a journey time of approximately 1 hour. By road the M11 can be accessed at junction 9, connecting to London (60 miles), Cambridge (14 miles) and Stansted airport (18 miles).
DESCRIPTION The premises are light industrial, constructed in the 1940s and formerly operated as a vehicle maintenance depot associated with the now disused World War II airfield to the north. The building is of functional appearance, constructed largely of concrete and fletton brick, and has been extended a number of times.
The building is currently occupied by a bespoke furniture and sculpture business, as a workshop and studio.
The total site area is approximately 2 acres (0.81 hectares).
PLANNING It is assumed that the building benefits fromm use class E under the recently amended Town and Country Planning (Use Classes) Order.
Freehold. There is a restrictive covenant in place, preventing the expansion of the existing footprint or the development of any new buildings elsewhere on the site.
TENANCIES The property is being offered for sale with vacant possession on completion.
BUSINESS RATES The property is listed as Workshop and Premises with a rateable value of £17,750.
VAT It is our understanding that the property is not elected for VAT.
To be confirmed.