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Floorplan
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    Key features

    • To be offered on Wednesday 28 February
    • Development opportunity
    • Airspace
    • Planning consent for four flats 2 x 1 bed & 2 x 2 Bed
    • Popular location
    • Freehold

    Description

    A freehold investment/development opportunity positioned at the end of a popular local parade. The property comprises two retails units with upper parts with the benefit of planning consent additionally the property includes side access and land to the rear which maybe suitable for future development subject to obtaining all requisite consents.

    We understand that the retail units 7 and 9 and flat 9a have been sold off on 999 year leaseholds. Flat 7a is also sold off and has approximately 50 years unexpired.

    Planning was granted by Sutton Borough Council ref: DM2023/00324 on 15th March 2023 to construct 4 x new build flats in the airspace above an existing mixed use property. The property is located in North Cheam a popular commuter town within the London Borough of Sutton an affluent town in South West London neighbouring Worcester Park and bordering Surrey. The property also benefits from good road links with the A24 , M25

    Additional information

    Tenure

    Freehold

    Accommodation

    Proposed Plans:

    Second Floor

    Flat 1 - 2 bedrooms, Kitchen/dining room, Shower room/toilet, private balcony

    Flat 2 - 2 bedrooms, Kitchen/dining room, Shower room/toilet, private balcony


    Proposed Plans:

    Third Floor

    Flat 3 - 1 bedroom, Kitchen/dining room, Shower room/toilet, private balcony

    Flat 4 - 1 bedroom, Kitchen/dining room, Shower room/toilet, private balcony

    Planning

    Sutton Borough Council

    Planning ref: DM2023/00324

    Description: Erection of a second and third floor extension to existing two storey building to provide 4 additional self contained residential units, provision of first floor balconies at rear, provision of cycle and refuse stores and alterations to external staircase at rear

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.

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      Local information

      Transport
      • Worcester Park Station 0.9 miles
      • Stoneleigh Station 1.1 miles
      • West Sutton Station 1.2 miles

      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.

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