Latest Valuation
£
ROCE
%
Location
Surrey

Industrial Site to Residential Apartments Development Opportunity

The site does not have planning permission but has been earmarked by the council for development.
Guide Price
£3,000,000

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Key Features

  • Residential development (STPP)
  • Short drive to Gatwick Airport
  • Town centre
  • Next to train station

The Property

Sourced are thrilled to present this industrial site to residential apartments development opportunity.

The site has been earmarked for development to residential from a commercial industrial site.

Currently trading as a builders yard and store.

Average price per square foot is £300 -£350 for residential.

Selling Office: Lewisham

Planning Information

The site does not have planning permission but has been earmarked by the council for development.

The Plan

To purchase the property on an 12-18 month option or subject to planning deal and take through the planning process.

The site could then be either built out or sold with planning to a developer or housing association.

The vision for the site is to develop it into residential apartments with commercial/retail on the ground level.

Offers in the region of £3m ( with an option or subject to planning).

The Financials:

Purchase price: £3,000,000 (with an option or STPP)
Sourcing fee: 2%
Average price per square foot: £300 -£350 (for residential)

The Location

Horley is a town in the borough of Reigate and Banstead in Surrey, England south of the towns of Reigate and Redhill. The county border with West Sussex is to the south with Crawley and Gatwick Airport close to the town.

The site is in the town centre close to the train station.

Average estimated value for a house in RH6 9HW

£

TBC.

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