High Street, Egham, Surrey, TW20
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- SIZE
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- SECTOR
Office for sale
Key features
- Detached building comprising vacant office space (4,250ft²), 3 x existing apartments (retained by seller) and rear car park situated on a site of 0.2 acres
- Planning permission for 4 new build apartments in the car park
- Offers potential for further redevelopment with historic PD rights to convert the office to residential apartments
- Offers invited in the region of £975,000 for the freehold interest with the existing apartments available to purchase by separate negotiation
Description
The existing property comprises a detached mixed-use building comprising a vacant self-contained office, known as Runnymede House totalling 4,250ft² NIA over 3-storeys.
Adjoining the office and fronting Denham Road with it's own entrance via the car park are 3 x residential units which are to be retained by the Seller on new 999 year leases. Note they would be available to purchase by separate negotiation.
The property also benefits from a car park for 18 cars, some of which would be utilised for the development of the 4 apartments.
LOCATION:
The property occupies a prominent position along the Egham High Street.
The property benefits from being within walking distance from the shopping precinct, providing well-known names including Waitrose, Tesco, Café Nero, Specsavers, Boots and Travelodge.
Egham train station is 0.4 miles from the property, providing frequent services into London Waterloo and Reading.
PLANNING & DEVELOPMENT POTENTIAL:
Planning permission was granted in 2009 under reference RU.09/0237 for the extension to the existing building into the car park fronting Denham Road and creation of 5 x residential flats. We understand that 1 of the flats was created which implemented the planning permission meaning the planning permission is extant for 4 x residential units (2 x studio and 2 x 1 bed units) totalling 1,681ft².
The property benefitted from prior approval in 2017 which has since lapsed (reference: RU.17/1098) for the conversion of the office element to 11 residential units. The development works did not commence as the building was subsequently occupied by the vendor.
2 subsequent prior approval applications were refused in 2023 for 6 x residential units due to flood risk concerns.
The property offers further development potential by addressing the flood risk concerns and converting the office space and by creating an additional floor on top of the existing office building.
TENURE:
The property will be sold freehold.
VAT:
We understand the property is not elected for VAT.
TERMS:
Offers invited in the region of £975,000 for the freehold interest .
Brochures
High Street, Egham, Surrey, TW20
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Egham Station0.3 miles
- Wraysbury Station1.7 miles
- Staines Station1.7 miles
About Kingsbury, London
32-34 Baker Street Weybridge Surrey KT13 8AU
Notes
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