Harlow Redevelopment Opportunity
Market House is a prominent 4-storey commercial building within Harlow town centre extending to approximately 15,465sq.ft. including 35 car parking spaces.
The entire property produces an annual rent income of circa £140,000 and Prior Approval has been granted to convert the office space to 46 residential units. Furthermore, there is potential for comprehensive residential or mixed-use redevelopment (given the large site area) subject to planning permission.
Harlow is a large town on the border of Essex and Hertfordshire approximately 17 miles north east of Central London, with a population of circa 80,000. Residential values have historically been low, although there has been significant growth recently due to the area’s excellent transport links (M11 and M25 motorways and direct train links to Liverpool Street), as well as its proximity to sought-after towns including Hertford, Bishop’s Stortford, Epping and Loughton. Harlow has an extremely popular town centre offering a wide range of amenities and remains a strong location for commercial activities.
The property should appeal to a wide range of operators, including private residential developers, funds and PRS operators, as well as those looking retain the existing commercial uses and explore the reversionary rent increase potential.
Offers are invited in excess of £3,000,000 for the entire freehold interest, or £2,000,000 subject to the ground floor retail units and garages being retained by the Seller on a new 999 year lease.
To discuss any aspects of the sale of this property please contact email@example.com or 020 7183 2529.
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