FOR SALE

North Street, Leatherhead KT22 7AX

Offers in excess of £1,000,000

Description

The existing property comprises a former car park situated on a 0.25 acre site.

The property is located next to Grantham House which has been converted to residential and Stock House which is currently undergoing conversion to residential.

The property is one of the last remaining plots of land in the immediate vicinity yet to be redeveloped and benefits from planning permission to create a new build block of 9 flats.

Location

The property is located in the centre of Leatherhead, Surrey with vehicular access to the property taken via North Street.

The property is located within walking distance of Leatherhead High Street offering numerous amenities and commercial uses.

Leatherhead train station is 0.3 miles (5 minute walk) from the property providing national rail services into London Waterloo in 48 minutes.

Planning & Development Potential

Planning permission was approved on 7th September 2018 (ref: MO/2018/0738) for the erection of a part 3 / part 4-storey building comprising 4 x 1 bed, 3 x 2 bed and 2 x 3 bedroom units extending to approximately 6,318 sq.ft. in total.

The planning consent is subject to a CIL payment of £260,251.31.

A feasibility study has been produced which takes advantage of the precedent set next door at Stock House increasing the density of the scheme to 22 units.

No pre-application meetings or further discussions with the council have taken place and the feasibility study is available to view within our dataroom.

Tenure

The property will be sold freehold subject to vacant possession.

Terms

Offers are invited in excess of £1,000,000 for the freehold interest.

VAT

We understand that the property is not elected for VAT.

Additional Information

Further information including approved planning documents can be found in our dataroom using the password ‘NorthStreet’.


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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  • Former car park situated on a 0.25 acre site
  • Planning permission for 9 residential units (4 x 1 bed, 3 x 2 bed and 2 x 3 bedroom units) extending to approximately 6,318 sq.ft.
  • Indicative drawings produced to show potential to increase upon the density of the site and create 22 units
  • Sought after residential location within walking distance to Leatherhead train station
  • Offers are invited in excess of £1,000,000 for the freehold interest

To discuss this opportunity further, please contact Jordan Oldfield or Chris Incledon on 020 7183 2529

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