Littleworth Road, Esher KT10 9PN
Offers in the region of £8,500,000
Claygate House, which was previously the Headquarters of Dairy Crest PLC, is a former office complex which has recently been redeveloped to create one of the most sought-after new developments within Esher in recent years.
The main Claygate House office building (shown as Phase 1 on the adjacent plan) has recently been converted to 74 apartments. The adjoining parcel of land (as outlined in red), which extends to approximately 2.8 acres, now benefits from planning consent for the development of 62 apartments in a new build scheme, and is to be sold, offering an incoming developer the opportunity to complete the final phase of the overall development.
The property is located on Littleworth Road in Esher, Surrey, within Elmbridge Borough Council.
Littleworth Road is an attractive, predominantly residential road, occupied by high-quality properties, with the surrounding area offering a range of open spaces and rural feel, yet still within walking distance of both Esher and Claygate Station.
Esher High Street, Sandown Park racecourse and several highly regarded schools are all within easy reach, and with journey times to London Waterloo in under 30 minutes, this location is particularly popular with individuals and families working in central London yet looking for a more suburban living environment.
Planning & Development Potential
A planning application (under ref: 2020/2095) has been approved at committee in April 2021 for the demolition of the existing office building and construction of 62 apartments, as per the schedule of accommodation.
The proposed scheme will consist of 15 x 1 bedroom apartments, 26 x 2 bedroom apartments and 21 x 3 bedroom apartments along with 96 car parking spaces. The planning consent is subject to a Section 106 Agreement which sets out various obligations including the provision of 25 apartments to be provided for Affordable Housing (18 x Affordable Rent / 7 x Shared Ownership) plus a CIL payment in the region of £406,773.
There is an existing planning consent for an alternative scheme of 11 houses and 40 apartments.
The property will be sold freehold with vacant possession upon completion.
The property is not elected for VAT.
Offers are invited in the region of £8,500,000 for the freehold interest.
Further information including planning and legal documents are available within our dataroom using the access code ‘EPG’.
Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
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- An opportunity to acquire the final phase of this residential development opportunity
- Existing B1 office extending to 14,338 sq.ft. GIA, plus car park occupying a site area of circa 2.8 acres
- Planning permission for a new build scheme comprising 62 apartments totalling 44,714ft2 NIA with 25 designated for affordable housing and 37 for private sale
- Highly sought after residential location within walking distance of Esher and Claygate station
- Offers invited in the region of £8,500,000 for the freehold interest
To discuss this opportunity further, please contact Paul Heale or Jordan Oldfield on 020 7183 2529