Evolve Estates has purchased the freehold interest in a vacant public house and the surrounding site at 1 Shenley Road, Borehamwood for an undisclosed sum, with potential for a mixed-use development.
The London-based property company has signed a 15-year lease with Sainsbury’s to occupy the ground floor of the existing building. The retailer will operate its convenience store concept.
Dan O’Keefe, Partner at Evolve Estates, comments: “This is a prominent site on which we will rejuvenate the derelict public house building and look to create residential accommodation on the upper floors, bringing the site back to life.”
Kingsbury advised Evolve Estates.
