Back to current instructions

Manor Road, Esher KT10

AN EXISTING CARE HOME LOCATED ON A PROMINENT ‘CORNER’ SITE OFFERING SIGNIFICANT REDEVELOPMENT POTENTIAL FOR A RANGE OF ALTERNATIVE USES (STPP)
For sale
  • An existing care home located on a prominent corner plot, located in the Greater London suburban village of Esher, planning a site area of c. 0.21 acres over an entire corner plot.
  • Freehold.
  • Existing use class C2.
  • Current GIA of 4,450 sq ft.
  • Scope to generate high yielding income, our client has designed a scheme for 33 self contained studios, which would involve the conversion and extension of the existing building as well as adding an additional floor (subject to the usual consents), which under the LHA (Local Housing Allowance) rates would have an ERV of £335,000 pa.
  • Based off the indicative scheme, the existing building would suit a conversion into 16 self contained studios, which would have an ERV of £162,755 pa applying the LHA rates.
  • We believe that the site may also facilitate a boutique residential development for which our client has designed a scheme comprising ten apartments (further information available upon request).
  • To be sold with full vacant possession.
  • Two accessible rail stations with strong connectivity direct into London Waterloo; a journey time of just 20 minutes, Hinchley Wood Rail Station is situated a four minute walk away.
  • Guide Price - £1,250,000 (One Million, Two Hundred and Fifty Thousand Pounds) subject to contract, reflecting a low capital value of £280 per sq ft of the existing GIA.
View our current instructions or download our track record
View current instructions Download track record