6 Bridge St 1,050 SF Retail Building Leatherhead KT22 8BZ $742,462 ($707.11/SF)
INVESTMENT HIGHLIGHTS
- The property is located along Bridge Street in the town of Leatherhead, Surrey
- Leatherhead station is 0.4 miles (circa 8 min walk) from the property and currently provides Southern and South Western railway services to London
- The immediate area comprises of a mixture of commercial and residential uses with local amenities
EXECUTIVE SUMMARY
Offers invited in the region of £575,000 for the freehold interest.
Planning permission was granted 4th April 2024 (reference: MO/2023/1592/PLA) for the alterations to the ground floor and retention of the commercial unit, conversion of first floor to residential and erection of a four-storey rear extension to create 5 x residential flats. The proposed development will comprise 2 x 1 bed and 3 x 2 bed units totalling 3,501ft² and a commercial unit of 1,253ft² across basement and ground floor. All of the units are for private sale and no Section 106 obligations apply. The planning consent is subject to a CIL liability of circa £59,850. Please note that this is an indexed estimate as of April 2024 and should not be relied upon, any prospective purchasers should undertake their own analysis.
Planning permission was granted 4th April 2024 (reference: MO/2023/1592/PLA) for the alterations to the ground floor and retention of the commercial unit, conversion of first floor to residential and erection of a four-storey rear extension to create 5 x residential flats. The proposed development will comprise 2 x 1 bed and 3 x 2 bed units totalling 3,501ft² and a commercial unit of 1,253ft² across basement and ground floor. All of the units are for private sale and no Section 106 obligations apply. The planning consent is subject to a CIL liability of circa £59,850. Please note that this is an indexed estimate as of April 2024 and should not be relied upon, any prospective purchasers should undertake their own analysis.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,050 SF
Building Class
B
Year Built
1950
Price
$742,462
Price Per SF
$707.11
Tenancy
Single
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.16 AC
Parking
4 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
32’ on Bridge Street
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
