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1 Pixham End 103,253 sq ft Office Property Dorking RH4 1QA £40,000,000 (£387.40/sq ft)



INVESTMENT HIGHLIGHTS
- Consented residential conversion and new build development opportunity.
- 259 flats with a total NSA of 173,180 sq ft.
- Planning pending for 69 townhouses with a total NSA of 92,936 sq ft.
- Potential to repurpose/replan the commercial area for further development.
- Freehold interest for sale with vacant possession.
- The site is situated on the outskirts of Dorking. Adjacent to Dorking Station.
- 41 new build townhouses with a total NSA of 66,454 sq ft.
- 3 detached commercial buildings with a total GIA of 19,347 sq ft.
- 15.12 acres of amenity land.
- Offers are invited on an unconditional and subject to planning basis.
EXECUTIVE SUMMARY
The site extends to approximately 14.00 hectares (34.60 acres) and is shown outlined in red on the adjacent plan. The site comprises a substantial former office building that was formerly the offices of Aviva. It was built in 1957. The existing building comprises a rectilinear group of office buildings, with a central spine block, orientated north- south, with a series of open and enclosed courtyards, and three projecting wings on the eastern portion of the site, which are orientated east-west. The southernmost enclosed courtyard has an atrium roof. The overall length of the building is approximately 175m. The office building has been subject to some strip out works internally. To the north east of the offices is an area known as the former Friends Provident Sports and Social Club, which included some residential accommodation formerly occupied by club staff. The building group comprises the original early 20th century building, and numerous later extensions and accretions to the east and west, including a large sports hall. In the south eastern part of the site is car parking for approximately 200+ vehicles. To the north is an area of permanent pasture and a listed walled garden totalling approximately 15.12 acres. Lot 1: Aviva Building - Planning permission for conversion and a two storey extension to deliver 259 apartments 2A: Former Friends Provident Building - Detailed planning for 41 Townhouses 2B: Planning pending for 69 Townhouses Community Led Buildings - Detailed planning for 3 commercial buildings (Use Class E) 15.12 acres of Amenity/BNG Land
PROPERTY FACTS
Sale Type
Owner Occupier
Property Type
Office
Tenure
Freehold/Long Leasehold
Property Size
103,253 sq ft
Costar Property Class
C
Year Built
1950
Price
£40,000,000
Price per sq ft
£387.40
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
44,321 sq ft
Plot ratio
0.07
Total Plot Size
34.57 ac
Parking
60 Spaces (0.58 Spaces per 1,000 sq ft Leased)
AMENITIES
- Bus Route
- Courtyard
- Security System
- Bicycle Storage
- Air Conditioning
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1 Pixham End
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