7-9 Cheam Common Road, Worcester Park KT4 8TL
- PROPERTY TYPE
Residential Development
- BEDROOMS
6
- SIZE
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Key features
- Development opportunity
- Airspace
- Planning consent for four flats 2 x 1 bed & 2 x 2 Bed
- Popular location
- Freehold
Description
StrapLine
Auction Sale - 24/01/2024Of interest to developers. Airspace development with planning granted for two additional floors creating 2 x 2 bedroom flats and 2 x 1 bedroom flats.
Description
A freehold investment/development opportunity positioned at the end of a popular local parade. The property comprises two retails units with upper parts with the benefit of planning consent additionally the property includes side access and land to the rear which maybe suitable for future development subject to obtaining all requisite consents.
We understand that the retail units 7 and 9 and flat 9a have been sold off on 999 year leaseholds. Flat 7a is also sold off and has approximately 50 years unexpired.
Planning was granted by Sutton Borough Council ref: DM2023/00324 on 15th March 2023 to construct 4 x new build flats in the airspace above an existing mixed use property. The property is located in North Cheam a popular commuter town within the London Borough of Sutton an affluent town in South West London neighbouring Worcester Park and bordering Surrey. The property also benefits from good road links with the A24 , M25
Transport
- Worcester Park Station 0.9 miles
- Stoneleigh Station 1.1 miles
- West Sutton Station 1.2 miles
Accommodation
Proposed Plans:
Second Floor
Flat 1 - 2 bedrooms, Kitchen/dining room, Shower room/toilet, private balcony
Flat 2 - 2 bedrooms, Kitchen/dining room, Shower room/toilet, private balcony
Proposed Plans:
Third Floor
Flat 3 - 1 bedroom, Kitchen/dining room, Shower room/toilet, private balcony
Flat 4 - 1 bedroom, Kitchen/dining room, Shower room/toilet, private balcony
Planning
Sutton Borough Council
Planning ref: DM2023/00324
Description: Erection of a second and third floor extension to existing two storey building to provide 4 additional self contained residential units, provision of first floor balconies at rear, provision of cycle and refuse stores and alterations to external staircase at rear
7-9 Cheam Common Road, Worcester Park KT4 8TL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Worcester Park Station1.0 miles
- Stoneleigh Station1.0 miles
- West Sutton Station1.1 miles
About Savills Auctions, London
33 Margaret Street London W1G 0JDSavills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.
Notes
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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