A rare opportunity to acquire a prominent freehold building in the heart of an affluent Surrey market town. The property extends to approximately 3,846 sq ft (357 sq m) arranged over ground, first floor and basement, and benefits from rear on-site parking.

Currently configured as a showroom and offices, the building is offered with vacant possession and presents a clear opportunity for conversion and repositioning.

Key Property Details:
• Total Area: 3,846 sq ft (357 sq m)
• Ground: 2,004 sq ft
• First: 1,662 sq ft
• Basement: 180 sq ft
• Tenure: Freehold
• Parking: Rear on-site
• EPC: B (47)
• Rateable Value: £38,250

Planning Consent
Planning permission granted for:
• 3 x Retail Units (Ground Floor)
• 2 x 2-Bedroom Residential Flats (First Floor)

Provides a low-risk baseline scheme with further potential to increase residential density (STPP).

Key Financials:
• Target purchase Price: £850,000
• SDLT (Mixed-Use): £33,250
• Total purchase costs (SDLT, legal, insurance Sourcing): £43,250
• Sourcing fee: £8,000
• Estimated Conversion Costs: £450,000 – £513,000
• Total investment required: £339,927
• GDV (Consented Scheme): ~£1.45m – £1.50m
• GDV (Optimised Scheme): ~£1.70m – £1.90m
• ROCE: 783%
• ROI: 31%
• Profit: 19%

Investment Summary
A compelling value-add development opportunity combining a prime High Street location, existing planning consent and clear scope to enhance value through residential-led optimisation, design and specification.

This opportunity is best suited to experienced developers or value-add investors with suitable financial resources to manage planning, conversion and sales execution, and to minimise reliance on development debt and associated interest costs.

Development finance has been modelled at 75% LTV on purchase, 100% of build costs, 0.89% interest per month over a 12-month term, plus £4,500 fees — equating to an initial acquisition loan of c. £656,250 before build drawdowns.

For further details or to invest please contact.

Sourced reference: 391946874258952