43, Bridge Street

Leatherhead, Surrey, KT22 8BN

2,005 sq ft Investment Property, Offices, Development (Land & Buildings), For Sale

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Rare Freehold Opportunity in Leatherhead Town Centre, with residential planning permission

Property Type Investment Property, Offices, Development (Land & Buildings)
Tenure For Sale
Size 2,005 sq ft
Freehold Price £600,000 plus VAT
Business Rates £11,136.75 per annum (based on rateable value of £23,250) england-standard
Service Charge Not Applicable

Key Points

  • Town centre location
  • Development opportunity
  • Planning permission for 2 x 2 bed flats and 3 bed maisonette

Location

Leatherhead is located approximately 20 miles south west of Central London on Junction 9 of the M25 between Heathrow and Gatwick airports (24 and 19 miles respectively). The Junction 9 of the M25 is under 1.5 miles from the property, which offers access to the wider motorway network.

The property is situated in a prominent position fronting Bridge Street, within 100 metres of the High Street with all its amenities including The Swan Shopping Centre, restaurants, coffee shops, Nuffield Health Club and Leatherhead Leisure Centre.

Specification

The building comprises 1,800 sq ft over 4 floors, which are currently used as offices with storage and kitchen facilities in the basement, reception and offices on the ground floor and offices over the first and second floors.  The building is grade 2 listed and in a conservation area.

The property is currently used as offices and fully tenanted until the 30th April 2017, producing an income of £35,000 per annum, exclusive.

There is planning permission to convert 43 Bridge Street in to a 3 bed maisonette on the ground and basement (98 sq m) a 2 bed flat on the 1st floor (62 sq m) and a 2 bed flat on the second floor (60 sq m) under planning application reference MO/2014/1461 (Listed Building Consent is under MO/2014/1462).

Sale

We note that VAT will be levied on the sale but the transaction may be able to be treated as a Transfer of a Going Concen (TOGC) for VAT purpouses.

Availability

Approximate floor areas, measured on an NIA basis. (The GIA is estimated to be 2,557 sq ft) 

Floor sq ft sq m
Basement  205 19.11
Ground Floor 578 53.74
1st Floor  619 57.49
2nd Floor  604 56.14

Total

2,006 186.48

Viewings

For more information or viewings please contact the sole agents, Hurst Warne.