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Land for sale
Bower Heath Lane, Harpenden, 5 AL5
£2,250,000
Bower Heath Lane, Harpenden, 5 AL5
£2,250,000
Our Summary
- A rent of £235,000 pa could be possible if all the units and enclosed yard spaces were let for business purposes (subject to planning)
- The seller reserves the right to receive 25% of any uplift in value arising from planning permission/prior approval for residential development uses (other than a single dwelling) within 25 years of sale completion
Description
This rare opportunity presents a significant range of modern buildings, yard space, pastureland, and a mobile home located near Harpenden, Hertfordshire. The property has a rich history of agricultural and commercial use, with potential for further development opportunities. The farm has been used for timber storage, processing, and distribution, and has also accommodated large farm machinery and HGVs. The site spans approximately 15.27 acres and features 31,281 square feet of buildings. The location is highly desirable, with proximity to affluent towns, villages, and farmland, as well as good transportation links to London. Planning and development opportunities are also available, including the possibility of obtaining further permission for a single dwelling, and Class R Permitted Development Rights allowing for the change of use of up to 10,764 square feet of agricultural buildings to commercial uses. The property is available with vacant possession, save for a small portion of yard space let until 2027, and the vendor is willing to retain possession of certain areas until 2025.