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North Street, Leatherhead, Surrey, KT22

Guide Price
£650,000

£102.88 per sq ft

Business rates & charges may apply

Kingsbury, London
SIZE AVAILABLE

6,318 sq ft

587 sq m

SECTOR

Residential development for sale

Key features

  • Freehold mixed-use building (retail and flats sold off) with rear car park situated on a site of circa 0.41 acres
  • Planning permission in the rear car park for 9 x apartments (4 x 1 bed, 3 x 2 bed & 2 x 3 bed) totalling 6,318ft²
  • Potential for further redevelopment by creating additional storeys STPP
  • To be offered for sale with a guide price of £650,000+ in the Allsop auction on 21st and 22nd May 2025, unless sold prior

Description

The existing property comprises a mixed-use building known as Grantham House which comprises 2 x retail units and 9 x residential apartments all of which are sold off on long leases producing £900pa in ground rent income.

To the rear of Grantham house is a surface level car park (circa 0.25 acres) which has planning permission for a new build development of 9 x apartments. Access to the car park is taken directly via North Street via the side of Grantham House.

Location:

The property is located in the centre of Leatherhead, Surrey along North
Street.

The immediate area comprises of a mixture of commercial and residential uses with local amenities such as shops, restaurants and bars, located along Bridge Street and the High Street, which is less than 0.1 miles from the property.

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

Planning and Development Potential:

Planning permission was approved on 13th June 2022 (reference: MO/2021/1026) for the erection of a 4-storey building in the rear car park to create 9 x residential apartments comprising 4 x 1 bed, 3 x 2 bed & 2 x 3 bedroom units extending to approximately 6,318ft² in total. The planning consent is subject to a CIL payment of £269,169.58.

The property offers potential for further redevelopment by increasing the approved density and building additional storeys and on top of Grantham

House subject to obtaining the necessary consents. Feasibility studies have been produced to show the potential for up to 28 flats on the site with further information available upon request.

Terms:

To be offered for sale with a guide price of £650,000+ in the Allsop auction on 21st and 22nd May 2025, unless sold prior.

Brochures

North Street, Leatherhead, Surrey, KT22

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Leatherhead Station0.3 miles
  • Ashtead Station1.8 miles
  • Bookham Station2.4 miles

About Kingsbury, London

32-34 Baker Street Weybridge Surrey KT13 8AU

Notes

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Disclaimer - Property reference Grantham. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kingsbury, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Kingsbury, London on 020 7193 4921.

*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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