FOR SALE

Littleworth Road, Esher KT10 9PN

Offers in excess of £12,000,000

Description

The property comprises 3 inter-connecting office buildings; Claygate House, Rythe House and The Link Building.

Claygate House extends to circa 33,842 sq.ft. GIA across ground, 1st and 2nd floors. It was originally constructed in the 1970’s. Rythe House extends to 11,560 sq.ft. GIA over ground, 1st and 2nd floors and The Link Building extends to 6,200 sq.ft. GIA over ground and 1st floors. Both were constructed as extensions to Claygate House.

The buildings occupy a site area of approximately 2.2 acres which includes attractive landscaped grounds and surface level car parking for 104 vehicles. Access to the site is taken via Littleworth Road.

The complex is currently occupied as the headquarters of Diary Crest, although it will be sold with full vacant possession on completion.

Location

The property is located on Littleworth Road in Esher, Surrey. The Local Authority is Elmbridge Borough Council.

Littleworth Road is an attractive street which is predominantly occupied by high-quality residential properties, and the surrounding area also comprises residential uses and green open space.

There are numerous shops, restaurants and other commercial amenities within the town centres of Claygate (0.6 miles) and Esher (0.8 miles).

Claygate Station is located within walking distance to the south-east of the property and Esher Station located again, within walking distance to the north, both providing direct trains to London Waterloo with journey times of circa 30 minutes.

Planning & Development Potential

Wider Property

A Prior Approval consent for conversion to residential use has been established over the entire property, including the Pavilion building.

Note the Sellers will retain the Pavilion and part of the car park for future redevelopment of a new build scheme comprising circa 39 apartments and 11 houses. Indicative plans can be found in our dataroom. The areas being retained by the Seller are hatched in blue on the plan.

Property to be sold (59 units)

A revised Prior Approval application has been submitted for conversion of the Claygate House, Rythe House and The Link Building to provide 59 residential apartments under Permitted Development Rights.

The proposed scheme comprises 2 x studio, 23 x 1 bedroom and 34 x 2 bedroom units totalling 36,442 sq.ft. NSA. 80 parking spaces can be provided with this element.

All apartments are for private sale with no affordable housing provision required. No Section 106 obligations or CIL liabilities apply.

Roof Extension of Application (15 units)

A detailed planning application was validated on 19th December 2018 (ref: 2018/3782) proposing 2nd and 3rd floor roof extensions above Claygate House, Rythe House and The Link Building to provide 15 residential apartments.

This scheme comprises 5 x 1 bedroom, 5 x 2 bedroom and 5 x 3 bedroom units totalling 10,733 sq.ft. NSA. 24 parking spaces need to be provided with these flats.

It is expected that 6 apartments (3 x 1 bedroom, 2 x 2 bedroom & 1 x 3 bedroom units) will need to be provided as affordable housing.

External Alterations Application

A detailed planning application has been submitted for alterations to the fenestration of the existing buildings and the car parking layout.

Tenure

The property will be sold freehold with vacant possession on completion.

VAT

The property is not elected for VAT.

Terms

Offers are invited in excess of £12,000,000 for the freehold interest. subject to an additional payment of £2,000,000 in the event that planning permission is approved for the roof extension application.

Additional Information

Further information including planning and legal documents are available within our dataroom using the access code ‘Claygate’.


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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  • 3 inter-connecting B1 office buildings extending to 51,601 sq.ft. GIA, occupying a site area of circa 2.2 acres, including 104 car parking spaces
  • Prior Approval application pending for conversion to 59 residential apartments totalling 36,442 sq.ft. NSA
  • Full planning applications pending to develop 15 new apartments via roof extensions and for elevational alterations
  • Sought-after residential location within 15 minute walk of Claygate Station and Esher Station (direct links to London Waterloo in circa 30 minutes)
  • Offers invited in excess of £12,000,000 for the freehold interest, with an additional payment of £2,000,000 subject to approval of the 15 unit roof space application

To discuss this opportunity further, please contact Paul Heale or Ross Kemp on 020 7183 2529.

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