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The premises are situated on Chapel Road just to the north of Smallfield village centre and the local shopping parade with easy access to the A23/M23 via nearby Horley. Chapel Road leads from the village centre north toward Outwood, Nutfield and Redhill and the A25 approx 4 miles to the north at Nutfield Ridge.
OPPORTUNITY TO PURCHASE THIS VILLAGE GARAGE PREMISES SET ON A LEVEL SITE OF APPROX 0.45 ACRES FOR REDEVELOPMENT. The site underTitle No: SY599460is within the village just 100 yards north of the village centre and shopping parade with good road frontage and surrounded by residential homes. The existing buildings operated as a traditional village garage and form a mix of forecourt areas to the front south and north sides for car sales, former pumps and forecourt shop, a range of workshops and offices over the ground and first floor and secure yard to the rear.The vendor family now seek to sell the site for redevelopment for a residential scheme in the knowledge that a past scheme was granted consent in 2018. The current occupancy is a ‘holding plan’ with the site let in two parts under short form of leases co-terminus outside the LTA 1954 until April 2023 with mutual break provisions.
The buildings on the site currently comprise a two storey building comprising workshops to the ground floor and offices above totalling approx 4990 sq ft (463.60m2) plus garages and stores.
Rear single storey workshop 545sq ft (50.6 m2)
Forecourt shop and sales office 376sq ft (34.9m2)
Canopy to the forecourt 1213sq ft (34.9m2)
Total existing build mass to include forecourt canopied area is approx.7124 sq ft (661.8 m2)
Offers in the region of £1,500,000 plus VAT subject to contractwith full vacant possession available.
The property is currently in use by way of two short form of leases contracts outside the LTA 1954 provisions granted to motor trade users. Both leases expire in April 2023 but have matching early break provisionsto enable full vacant possession being granted.
The site was consented for a scheme to demolish the existing buildings and erection of 6 dwellings plus a block comprising of 4 flats under Tandridge District Council planning reference TA/2017/2311 which has since expired. Following this another party applied for a mixed use scheme which failed. The site is being sold with the expectation that a residential scheme is readily achievable on the strength of the earlier 2018 consent.
The property has a rateable value of £25,500.
We are advised that these premises are not elected for VAT and therefore VAT will not apply to the purchase price.
Each party to be responsible for their own legal costs in the transaction.
Strictly by prior appointment only through sole agents: