New

Matalan Store
Stevenage, SG1 1XB

Price on Application

126,324 SqFt
  • Town centre location extending to apprx 2.9 acres (1.2 ha)
  • Outline planning permission for up to 526 residential apartments
  • Outline planning permission for commercial space of 18,385 sq ft
  • Available by informal tender - inviting unconditional bids
  • Bid deadline 12 noon Friday 9th March 2018

Location

The Property occupies a prime town centre location in Stevenage, in the county of Hertfordshire. Stevenage is situated approximately 64.4 km (40 miles) north of London, 15.7 km (9.8 miles) east of Luton, and 7.4 km (4.6 miles) south of Letchworth Garden City and Hitchin. Stevenage was designated as the first New Town in 1946 in order to alleviate the London housing stock. In terms of connections, Stevenage has access to the A1 connecting Stevenage with London and the north. Three international airports are located within 40 minutes away by car. Stevenage railway station is situated approximately 180 metres to the north west of the Property and provides regular services to London Kings Cross with the fastest journey times of 19 minutes. The Town Square and Bus Station is located approximately 100 metres away. Stevenage has a range of employment opportunities including Gunnels Wood to the west of Stevenage, the largest employment area in Hertfordshire. Stevenage town centre is currently undergoing a major regeneration project to provide over 3,000 new homes through 6 opportunity areas over the next 15 years. The development plan also includes a new railway station, a new theatre and a range of new shops and leisure uses for the town centre. The scheme is the largest town centre regeneration in the east of England with over 700 homes built during 2016 and 2017.

Description

The Property extends to 2.9 acres (1.2 ha) and is broadly rectangular in shape. The Property lies to the south-west of the town centre adjacent to Lytton Way, with Danestrete to the east, Danesgate to the north and Pinetree Court Retirement Apartments by McCarthy & Stone to the south. The Property is currently occupied by the Matalan retail unit, along with associated car parking to the east. All included within the sale of the Property are two car parks within the ownership of Stevenage Borough Council (including a public car park) located to the west of the Matalan unit. The Property benefits from an outline planning permission for up to 526 residential apartments and associated retail space.

* Currencies are changed from British Pound (GBP) to either Euro (EUR) or US Dollar (USD). Rates updated daily at approximately 01:00 hours.

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