107 - 111 East Street, Epsom KT17

Development site for sale with planning granted to build 16 x apartments all for private sale

Description - The existing property comprises 2 x residential buildings known as 107-109 and 111 East Street.
107-109 East Street is a two-storey building which is currently subdivided into 2 x flats: a 2-bedroom flat on the ground floor and a 3-bedroom flat on the first floor (Use Class C3).

111 East Street is a single storey residential building with accommodation in the roof space, currently laid out as 4-bedroom house of multiple occupation (Use Class C4).

In total the existing floor space extends to approximately 2,551ft2 with the overall site extending to 0.35-acres.

Vehicular access can be taken from the rear of both properties as well as via the front of 111 East Street

Location - The property occupies a highly prominent position on the corner of the East Street and Kiln Lane, 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 0.7 miles from the property providing frequent services into London Waterloo in 35 minutes and London Bridge in 44 minutes

BY ROAD
M25 Junction 9 - 4 miles
A3 - 5 miles
Croydon - 9 miles

BY RAIL
Wimbledon - 19mins
Clapham Junction - 26mins
London Waterloo - 35mins
London Victoria - 35mins
London Bridge - 44mins

BY AIR
Gatwick Airport - 20 miles
Heathrow Airport - 25 miles

Planning - A resolution to grant planning permission was given at committee in June 2023 (reference: 23/00110/FUL) for the demolition of the existing buildings and construction of a two-storey building with part basement/lower ground floor comprising 16 x self-contained residential dwellings (8 x 1 bed, 5 x 2 bed and 3 x 3 bed units) totalling 10,891ft2
.
The proposed lower ground floor car park will provide 18 car parking spaces.

The S106 is currently in draft form but is not expected to include any financial contributions but will include a mechanism to review the viability if the construction of first floor slab isn’t completed within 20 months of the execution of the S106.

The rear access road via Kiln Lane is subject to a covenant restricting vehicular access, an agreement has been reached which will release this covenant allowing vehicles to use this access into the site subject to a payment of £135,300.

A CIL liability of approximately £204,979.68 is also applicable.

Please note that this is an indexed estimate as of June 2023 and should not be relied upon, any prospective purchasers should undertake their own analysis.

Terms - Offers in excess of £1,650,000 are invited