East Street, Epsom, Surrey KT17
£137.74 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
10,890 sq ft
1,012 sq m
- SECTOR
Residential development for sale
Key features
- 0.25 acre site comprising 2 x vacant commercial buildings and rear car park
- Planning permission for new build development comprising 31 residential apartments
- The property is located within Epsom and Ewell Borough Council.
- To be offered for sale with a guide price of £1,500,000+ in the Savills auction on 30th July, unless sold prior
- Investment opportunity
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.
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.
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.
Tenure:
The property will be sold freehold with vacant possession.
VAT:
We understand the property is elected for VAT.
Terms:
To be offered for sale with a guide price of £1,500,000+ in the Savills auction on 30th July, unless sold prior.
Brochures
East Street, Epsom, Surrey KT17
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Epsom Station0.5 miles
- Ewell West Station0.9 miles
- Ewell East Station0.9 miles
Notes
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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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