
Land at Olympic Way, High Wycombe
Olympic Way, High Wycombe, Buckinghamshire, HP13 7PL, UK
2.95 acres
The Property extends to 5.58 acres (2.26 ha) and is predominantly greenfield with a portion of existing brownfield land. It is irregularly shaped, bordering a small section of the High Street to its western edge, with the A5183 flanking the site to the east. The Property is currently held on a 5-year lease from March 2023 at an annual rent of £25,500 and is used light industrial / open storage usage. Vacant Possession can be granted with 6 months notice. A Deed grants permanent right of way for vehicular access to the site directly from Redbourn High Street via a bridge, which runs over the River Ver. The River Ver runs along the site’s western edge whilst there are a number of established trees and shrubbery are situated across the Property, particularly to the northeast and south. The Property to the north of the subject is a caravan park with the remainder of the surrounding land offering a mix of industrial and green field uses.
Redbourn is an attractive and affluent town in the London commuter belt within the administrative boundaries of St Albans City and District Council. It is an established town situated three miles from Harpenden and five miles from central St Albans. The town benefits from a good amenity offering which includes a significant café culture with The Enchanted Tea Rooms and The Hub as well as a number of Pubs and Restaurants. The town boasts one of the oldest cricket clubs in Hertfordshire, rumoured to have first played on Redbourn Common in 1666. The town also benefits from a Health Centre and various pubs and High Street shops whilst a wider amenity offering can be found in Harpenden.
JLL is pleased to present an opportunity to acquire a property with significant residential development potential in Redbourn, Hertfordshire:
• Located in desirable Hertfordshire town with strong community links
and a rich history.
• Positive opportunity to acquire a 5.55 acre (2.26 ha) mixed-use site in
an established village, 5 miles from St Albans city centre
• The Property is currently held on a 5-year lease from March 2023 at
an annual rent of £25,500 and is used by the tenant for open storage
usage
• Prospect to acquire site for residential redevelopment or continue
existing open storage use
• The site is draft allocated in the Draft St Albans Local Plan for
residential development and forms part of a wider masterplan
• The site benefits from strong transport links with the M1 in close
proximity and London St Pancras 26 minutes from Harpenden