An opportunity to purchase a freehold mixed-use property in a prominent location in Surrey.
The property is a two-storey detached building which comprises a vacant ground floor shop, 2 bedroom flat above and land to the rear. The commercial premises measures approximately 1,136 square feet and has the designated Use Class E (Commercial, Business and Service). Above the shop is a well maintained 2 bedroom flat, which is currently vacant. This flat was previously renting for £12,600 per annum. The flat has its own private entrance to the rear of the property. Additionally, there is a garden to the rear, which is used for storage and parking.
Opposite the site, planning permission was granted in January 2021 for a residential scheme of 57 units over 4 storeys. In 2021 (21/00159/F) planning permission was submitted for the demolition of the existing building and the erection of 2 new blocks containing 6 no. flats (Block 1 - 1 x 3B 5P, 2 x 2B 4P, 1 x 1B 2P and Block 2 - 1 x 1B 2P, 1 x 2B 3P)
Offers in the excess of £400,000 are invited. Viewings can be arranged upon request.
Location
The site is situated in the heart of Redhill which offers a wide range of local amenities. Redhill town centre is only 0.5 miles away, while Reigate High street is under an 8-minute commute.
The M23 runs on the east of the site, which connects to the M25, making Central London accessible within an hour. The nearby roads provide links to Gatwick Airport within 15 minutes.
Redhill Train station is 0.6 miles away and can provide trains journeys to Croydon, Brighton & Gatwick Airport within minutes.
Accommodation
Total - 1,136 sq ft
Terms
Price - £400,000
Tenure - Freehold
VAT - Not applicable
Rateable Value - £7,900
Specification
- Potential for residential redevelopment or various commercial uses.
- Shop & 2 bed flat with the potential for additional units to the rear STPP.
- Located short distance from the high street and transport amenities