Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
Tenure
Freehold
Planning
Planning permission has been granted by Elmbridge Council on 10th February 2022 (ref 2021/4262) and 2nd July 2024 (ref 2024/0545) for the conversion and extension to the ground floor rear, and upper floors of number 18. Copies of plans are available on the Local Authorities website.
This will require the release of the upper floors by Caffe Nero (which has been agreed at a new rent of £32,500 pa). The ground floor unit would then be extended and the upper floors converted to create x 2 self-contained flats, as per the approved plans.
An Agreement to Lease is in place with Caffé Nero (expires 16th December 2025) which can be executed by the new owner should they chose to do so. Interested parties should refer to the legal pack for further information.
It is considered there is further potential for comprehensive redevelopment in line with the planning consent on the neighbouring property for a new 5 storey building.
Rent
Notes
Previously let at a combined rental of £86,500 per annum, the Caffe Nero is now paying a reduced interim rental in light of the possible size reduction of their unit at £32,500 per annum.