FREEHOLD DEVELOPMENT OPPORTUNITY

FREEHOLD DEVELOPMENT
Ashtead, KT21
OPPORTUNITY
For Sale by Informal Tender
53-57 THE STREET
ASHTEAD
KT21 1AA
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Planning Consent for Mixed-Use Scheme
Potential for Other Uses (STPP)
Total Site Area Approximately 0.45 acres
(0.18 Ha)
Located in an Established Mixed
Employment, Retail and Residential Area
Cleared Site
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Location
The site is situated in Ashtead, an affluent village
within the Borough of Surrey. Ashtead is located
approximately 20 miles south-west of central London
and around 2 miles north-east of nearby
Leatherhead. The site fronts onto the High Street that
principally provides a mix of independent shops,
cafes, restaurants along with residential terraced and
flatted housing.
Rail services into London Waterloo operate from
Ashtead railway station which is within easy walking
distance to the north of the site. Road connections
are good with the nearby M25 motorway providing
access to Heathrow Airport to the north and Gatwick
Airport to the south.
Description
The cleared site comprises approximately 0.18 ha
(0.45 acres) of brownfield land. Historically, the site
was occupied by a petrol filling station which has
since been demolished and the land remediated.
More recently it has been used as a local car park for
Ashtead Town Centre. To the north of the site there
are residential properties and to the east and west
are commercial properties.
Tenure
The freehold site is owned by Tesco Stores Limited
and is available to purchase.
Legal Costs
Each party to be responsible for their own legal costs
incurred in the transaction.
VAT
VAT is chargeable on the site.
Planning
In 2012 planning consent was granted to provide a
retail food store of 1,349 sqm (14,520 sq ft) gross
external area over ground, with a net sales area of
682 sqm (7,341 sq ft) along with 9 private residential
apartments, 4 on the first floor and five on the second
floor. The proposed scheme will also provide 9 car
parking bays to the rear of the site as well as highway
improvements to The Street and Woodfield Lane.
Ref: MO/2012/0234/PLAMAJ.
All parties should make their own enquiries to: Mole
Valley District Council, Pippbrook, Dorking, RH4 1 SJ
Tel: 01306 885001.
Terms
The Vendor is seeking to sell their freehold interest in
the whole of the site on an unconditional basis, and is
th
inviting offers by midday Friday 26 June 2015.
Viewings
By appointment through Sole Agents GL Hearn:
Laurence Unwin
+44 (0)20 7851 3723
[email protected]
Adam de Swarte
+44 (0)20 7851 3759
[email protected]
Important Notice
1. This information is intended as a general outline only for the guidance of
intending purchasers and does not constitute an offer or contract, or part of an
offer or contract.
2. All descriptions, dimensions, references to condition and necessary
permissions for use and occupation and other details are given in good faith
and are believed to be correct. Intending purchasers should not, however, rely
on them as statements or representations of fact but satisfy themselves by
inspection or otherwise as to their correctness.
3. No person in the employment of GL Hearn Ltd has any authority to make or
give any representation or warranty whatsoever in relation to any of these
properties.
4. Unless otherwise stated, prices or rents quoted are exclusive of VAT.
May 2015
GL Hearn Limited | 280 High Holborn, London, WC1V 7EE
glhearn.com