Mixed use investment in well-established local parade with layby parking. The ground floor retail unit is let to a dog-groomers trading as Jane’s Pampaw Grooms. The workshop at the rear is let to a vehicle restorer / mechanic. The 3-bed maisonette is arranged over part ground (at the rear of the shop) and first floors. There is a side entrance to the maisonette. The property and particularly the maisonette are in need of some repairs and updating, however, the property is to be sold as seen. There is a communal yard and toilet for the shop and workshop. The property benefits from rear access via Prince Albert Square.
Interested parties should note that we are also selling 79 Horley Road within the same parade. Further details upon request
Location
The premises occupy a well-established retail location on the A23 just to the South of Redhill and close to Gatwick Airport. The parade is opposite McDonalds.
Redhill benefits from excellent road and rail connections. Salfords and Redhill Mainline Train Station are close by.
Accommodation
83 Horley Road (Shop)
Shop - 192 sq ft
Stores - 22 sq ft
83 Horley Road (Workshop at rear)
Workshop - 300 sq ft
Covered yard - 229 sq ft
Maisonette at 83 Horley Road
Ground Floor – Kitchen, Bathroom & Living Room First Floor - 3 Bedrooms & WC
Terms
TENURE - Freehold
SALE PRICE & POTENTIAL - £295,000 for the freehold, subject to contract. There is potential for active management and improving the rental return. The property is to be “sold as seen”.
VAT - We understand that Vat is not applicable
LEGAL COSTS - Each party is to pay their own costs.
EPC - This property has the following EPC Ratings:
Shop – B (46)
Maisonette - D (58)
TENANCY SCHEDULE - See attached brochure for information
Interested parties should note that we are also selling 79 Horley Road within the same parade. Further details upon request
Specification
- Freehold retail, workshop & residential investment
- Established location on A23 close to Redhill & Gatwick
- Shop let to Jane’s Pampaw Grooms for 5 years at £6,000pa
- Workshop let for 6 years at £2,400pa
- 3-bedroom maisonette let on a 2 year AST at £1,180pcm
- Rear access via Prince Albert Square
- Freehold price £295,000 (subject to contract)
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- Interested parties should note that we are also selling 79 Horley Road within the same parade. Further details upon request