Freehold Development opportunity, suitable for a variety of uses including residential and commercial redevelopment (subject to planning)
Summary
- Site area approximately 5.52 acres (2.23 hectares)
- Situated circa 0.5 miles (0.8 km) from Whyteleafe train station
- Prominent A22 roadside location
- Current passing rent of £62,000 per annum on part, with potential to significantly increase through asset management
- Offers invited on both a subject to planning and unconditional basis
- Best offers for the freehold interest invited by 12 noon on 22nd April 2022
- New key point...
Location
The Site is located in Whyteleafe, a village under the jurisdiction of Tandridge District Council and within the county of Surrey.
Located to the north of the Site is a Jewson builders' merchant. A railway line borders the Site to the east and semi-detached residential housing is located to the south of the Site. On the adjacent side of Godstone Road to the west, there is a residential development by Clarion Housing Group. The development provides one- and two-bedroom apartments on a shared ownership basis.
The nearest mainline train station is Whyteleafe, located approximately 0.5 miles (0.80 km) to the south. This provides direct services north east to London Bridge station
Get directions from Google Maps
Mainline Stations
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Whyteleafe8 mins
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Upper Warlingham11 mins
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Whyteleafe South17 mins
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Kenley19 mins
Underground Station
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Whyteleafe8 mins
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Upper Warlingham11 mins
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Whyteleafe South17 mins
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Kenley19 mins
Further Information
Rates Payable Upon Enquiry
Description
Circa 2.23 hectare (5.52 acres) Site comprising a former gas works, situated on the east side of Godstone Road (A22). Currently the Site comprises a mixture of hardstanding areas, a vacant house, unmade ground and areas of overgrown vegetation and woodland. The Site is broadly rectangular in shape and is subject to a significant level change from the east to west site boundaries.
Approximately 0.27 hectares (0.68 acres) of the Site is currently subject to occupational leases to Formark Scaffolding (Holdings) Limited;
A term of 5 years from 20 July 2019 at a passing rent of £50,000 +VAT per annum
A term from 14 June 2021 and expiring on 19 July 2024 at a passing rent of £12,000 +VAT per annum
New leases are close to being completed with Formark. Details of the leases and the agreed Heads of Terms can be found within the Information Pack.
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