Surrey investment/development opportunity SOLD

8th December 2019

Oldfield Smith & Co are pleased to announce the sale of 77-81 Victoria Rd, Horley.  Located in south Surrey, close to the Sussex border, the property comprises a two storey building, with offices on the first floor and a former HSBC banking branch on the ground floor.  The property was placed on the market after HSBC closed the banking branch and this part of the property was offered with vacant possession.

77-81 Victoria Rd, Horley, Surrey Freehold sold by Oldfield Smith & Co

Our work here commenced with the preparation of a formal schedule of dilapidations and settlement of the claim against HSBC.  We were then instructed to sell the freehold, subject to the lease of the first floor.  To unlock the inherent development potential in the building, we assisted in the re-gearing of the occupational lease.

The freehold has been acquired by a Surrey based investor/developer.

Oldfield Smith & Co have been retained to let the vacant ground floor of the property and will be working in partnership with our friends at Gildersleve and Payne.  The ground floor offers one of the largest retail spaces currently available in the town, with the benefit of A2 planning consent for professional offices.  The property could be suitable for a range of alternative uses, subject to any necessary consents, with a number of restaurants and bars nearby.  The new owners are prepared to refurbish the space to meet the needs of the incoming tenants, subject to agreement of terms.  The landlord will also consider dividing the property into two self contained units.

With an extremely prominent shopfront, this property is well located in the prime trading area with branches of Costs Coffee, Specsavers, Iceland and Waitrose close by.  The site is also opposite the Collingwood Batchelor department store.  There is allocated parking to the rear with the ability to service the property from the rear door.  All this and the benefit of air conditioning too!

For full details of the ground floor, click >>HERE<< or to arrange a viewing, call our agency team on 01825 762222.