2 September 2025: Tuesday 02 September 2025 - 9:00am
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    Key features

    • Freehold development site
    • Planning permission to build a part 5, part 6 storey new development to comprise 31 apartments
    • 10 x 1 and 17 x 2 and 4 x 3 bedroom flats
    • Site area of approximately 0.25 acres
    • Existing accommodation comprises two commercial buildings and a rear car park
    • Vacant

    Description

    The existing properties comprise 2 adjoining buildings consisting of a former bar and retail unit used as a music shop / academy in the past.

    The former bar and music academy extend to approximately 5,618 sq ft (521 sq m) over 2 storeys.

    To the rear of the property is a car park consisting of 10 car parking spaces.

    Additional information

    Tenure

    Freehold

    Planning

    Planning permission was granted 6th November 2024 (reference: 22/01953/FUL) for the demolition of the existing buildings and construction of a part 5, part 6 storey building containing 31 residential units (10 x 1-bed, 17 x 2-bed and 4 x 3-bed) totalling 21,201ft².

    The planning consent is subject to a S106 agreement to allocate 16 of the 31 new build apartments to be provided for Affordable Rent

    A CIL liability of approximately £175,357.60 is also applicable. Please note that this is an indexed estimate as of November 2024 and should not be relied upon, any prospective purchasers should undertake their own analysis.

    An offer from a registered provider has been received to pre purchase the finished units with further information available upon request

    Notes

    VAT is applicable to this lot.


    Joint Auctioneer:

    Jordan Oldfield

    020 7183 2529 / 07736 177891

    jordan.oldfield@kingsbury.co.uk

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property occupies a prominent position along East Street (A24), 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 0.5 miles from the property providing frequent services into London Waterloo in 35 minutes.

      Transport

      Epsom Station - National Rail

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums