Description
Large Development Site for Sale in Stevenage
Application number 19/00647/FPM (Lapsed).
Previously approved planning in 2021 for 250 residential units.
Nest Seekers International is delighted to offer an exceptional development opportunity in the vibrant heart of Stevenage. This prime site, is poised to become a landmark project in one of the UK's most dynamic commuter towns. Ideally positioned for seamless access to London, this development presents an excellent investment for visionary property developers.
Substantial Development Site: 80,758 sq.ft, the site covers an area of 0.59 acres (0.239 hectares). Constructed in 1976 with concrete-framed construction, brick, and concrete cladding.
Tenure: Freehold
Two parcels of land to the rear are also included in the sale, this land is held on a 999-year lease from 1976.
Development Highlights:
Prime Location: With the new GSK Life Science development, this site is ideally positioned for a Build to Rent opportunity. Located in bustling Stevenage town centre, it provides unrivalled access to shopping, dining, entertainment, and key transport links, making it a desirable location for modern urban living. Stevenage is a popular commuter town with direct rail links to London, where you can reach King’s Cross in as little as 23 minutes, making it an attractive option for city professionals.
Package Proposal: Partial demolition and redevelopment of the existing former BHS store to create an 11-storey building. (Packaged development opportunity – full digital brochure available upon request)
The Local Area:
Stevenage is a town and borough in Hertfordshire, England, approximately 30 miles (50 km) north of London. Known for being the first of the post-World War II new towns in the UK, it was planned under the New Towns Act of 1946 to alleviate housing congestion in London and provide a better living environment for residents. Key points about Stevenage include:
History: Stevenage has a long history dating back to Roman times, with modern development beginning in the 1950s as part of the New Towns programme.
Transport: The town is well-connected by road and rail. It lies on the A1(M) motorway and has a railway station on the East Coast Main Line, making it convenient for commuters.
Economy: Stevenage boasts a diverse economy with industries including aerospace, pharmaceuticals, and technology. It is home to major companies and research institutions such as Airbus, GlaxoSmithKline, and the Stevenage Bioscience Catalyst.
Stevenage Borough Council supports regeneration and redevelopment projects aimed at revitalising the town centre, with plans to construct 7,000 new homes in their 20-year plan
