East Street, Epsom, Surrey KT17

DESCRIPTION:

The existing properties comprise 2 adjoining buildings consisting of a former bar and retail unit used as a music shop / academy in the past.

The former bar and music academy extend to approximately 5,618ft² over 2 storeys.

To the rear of the property is a car park consisting of 10 car parking spaces.

LOCATION:

The property occupies a prominent position along East Street (A24), within Epsom and Ewell Borough Council.

East Street (A24) is the main road into Epsom Town Centre which is located only 0.5 miles from the property offering numerous commercial amenities.

Epsom train station is located 0.5 miles from the property providing frequent services into London Waterloo in 35 minutes.

PLANNING:

Planning permission was granted 6th November 2024 (reference: 22/01953/FUL) for the demolition of the existing buildings and construction of a part 5, part 6 storey building containing 31 residential units (10 x 1-bed, 17 x 2-bed and 4 x 3-bed) totalling 21,201ft².

The planning consent is subject to a S106 agreement to allocate 16 of the 31 new build apartments to be provided for Affordable Rent

A CIL liability of approximately £175,357.60 is also applicable. Please note that this is an indexed estimate as of November 2024 and should not be relied upon, any prospective purchasers should undertake their own analysis.

An offer from a registered provider has been received to pre-purchased the finished units with further information available upon request.

TENURE:

The property will be sold freehold with vacant possession.

VAT:

We understand the property is elected for VAT.

TERMS:

Offers are invited in excess of £1,900,000 for the freehold interest.