Farleigh Road, Warlingham, Surrey CR6

DESCRIPTION:

The existing property comprises a 2-storey pair of semi-detached buildings fronting Farleigh Road, one of which was previously used as a house with the other a commercial building. The rear consists of single-storey warehouse units with the remainder of the site comprising hard standing and parking.

The entire property is currently vacant with the existing properties extending to approximately 9,254ft².

LOCATION:

The property occupies a prominent position along Farleigh Road, Warlingham within Tandridge District Council.

The nearest train station to the property is Upper Warlingham, which is located 1.7 miles from the property, with frequent services into London Victoria in 32 minutes.

The M25 and M23 are both very accessible from the property being located within a 10-minute drive.

PLANNING:

The property benefits from planning permission granted 4th March 2024 (reference: TA/2023/1385) for the demolition of the existing buildings and redevelopment of the site to create 12 x residential apartments (3 x 1 bed and 9 x 2 bed units) within a 4-storey block fronting Farleigh Road and 2 x 2 bedroom semi-detached houses located to the rear of the apartment block.

The proposed development will provide 10,285ft² of NIA with all of the units for private sale.

There is no S106 agreement or contributions but a CIL Liability of approximately £33,643.42 is applicable. Pease note that this is an indexed estimate as of May 2024 and should not be relied upon, any prospective purchasers should undertake their own analysis.

In readiness for redevelopment all of the pre-commencement, conditions have been submitted to be discharged and are currently pending.

TENURE:

The property is being sold freehold with vacant possession upon completion.

VAT:

We understand the property is not elected for VAT.

TERMS:

Offers invited in excess of £1,900,000 for the freehold interest.