The building, in Maddox Lane, has been largely disused since going into administration in February 2012, then being taken over by Moorfields Corporate Recovery LLP and eventually sold to Latchmere Properties.
Another application had already been proposed for the site – which had a freehold value of more than £1 million – to remove part of the existing building and convert the rest into five flats with another three properties to the east and the refurbishment of a building named The Lodge.
According to Mark Eshelby, director at Latchmere Properties, the latest plan to add an extra flat came following a review of the building.
He said: “The fifth flat on the top floor was almost 3,000sq ft in size which, for a three-bed flat, is vast.
“No one would want it and it wouldn’t be worth doing so we took the decision to split it into two apartments, which would make it more attractive to the market.”
According to the company’s website, each house will have a private garden while apartments will also be developed with private parking and lift access.
At the time of the initial proposal, developers faced objections from some, particularly the Surrey branch of the Campaign for the Protection of Rural England, who said development would amount to the “surrender” of green belt space with the site being so close to the National Trust’s Bookham Common.
But Mr Eshelby claimed any potential issues associated with the new build, such as highway management, would be the same as when the site operated as a hotel.
“If you cast your mind back to when the building was a hotel with rooms I would say there is significantly less traffic now than when it was in commercial use,” he said.
“If you look back at the history, it’s been used for all sorts of things with far more traffic generation than this.
“It isn’t as if there isn’t already a great deal of traffic there.”
To see the plans in detail, visit www.latchmere-properties.co.uk