McCarthy Stone named as Leatherhead riverside developer – May 2024

With elections out of the way, MVDC have been able to announce some commercial information which has been mooted for several months – they had already confirmed a demolition contract is in place to secure the Government grant – now they have announced contracts have been exchanged with McCarthy Stone for rebuild of the riverside site.

The same developer has quite recently built out a large development in Cobham High Street and about 6 years ago attempted to obtain permission for a site on the A246 in Bookham, but the location was not nearbly as sustainable as Leatherhead in terms of transport connections and amenities.

All permissions are in place for demolition of the buildings pictured below; planning permission is also in place for an apartment building with ground floor mixed use, however it is to be expected McCarthy Stone will bring forward a revised scheme, with the principle of redevelopment, height and impact on historic environment already settled.

Examples of other McCarthy Stone waterside developments from their portfolio

Mole Valley District Council (MVDC) has exchanged contracts with premium retirement property specialists McCarthy Stone on Claire House and James House in Leatherhead.

Claire House and James House is a riverside redevelopment, a key project in the Transform Leatherhead regeneration programme, aiming to create a landmark mixed-use property that will enhance the gateway to the town and increase activity around the River Mole.

The redevelopment is proposed to include residential units plus a ground floor café and community space.

The project is expected to take place in two distinct phases ­– demolition (led by MVDC due to funding from the Department for Levelling up, Housing and Communities One Public Estate Brownfield Land Release Funding) and new development (led by McCarthy Stone).

Councillor Keira Vyvyan-Robinson, Mole Valley District Council Cabinet Member for Projects, said: “We are delighted to exchange contracts with our chosen development partner and look forward to proposals progressing to the next stage.

“The proceeds of the Claire House and James House sale will also allow us to achieve a number of Riverside enhancement projects, based on the results of the 2023 public consultation.”