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Shop & 3 flats, Redhill

3 Brighton Rd, Redhill RH1 6TW, UK

Basic Facts

Property ID: 13200 Post Updated: 2023-08-17 12:45:06
Status: Type:
Tenure: Freehold Area: 2595 sq ft
Gross Rent: £ 63,000 Lease Term: 10 years from Mar '21
Lease Term Expiry Date: 15/03/31 Years left on Lease: 6.8
VAT applicable: No

Property Description

  • Freehold Mixed Development investment.
  • The property is a three storey brick and slate end terrace building of the late Victorian era, comprising a ground floor shop with basement and three upper floors providing 3x two bed flats (brand new).
  • Access to the flats is from a separate entrance.
  • There is an area of parking for two cars located towards the side.
  • Let to Home Care & Rehab Ltd for 10 years from 15th March 2021 on a FR&I lease for £15,000 p.a.
  • Tenant only breaks are: March 2026 and March 2028
  • 5 yearly rent reviews in place
  • The 3 flats are currently vacant and have an individual ERV of £16,000 p.a (Total is £48,000 p.a.)

Location Description

  • The property adjoins the main Brighton to London railway line, with the station only a 10 minute walk. Redhill Railway station has direct access to London Bridge in 31 minutes, Gatwick Airport in 8 minutes and Brighton in 41 minutes.
  • The property fronts the A23 Brighton Road and is a few hundred meters walk to the South of the town’s shopping precincts (Belfry and Warwick Quadrant).
  • It is opposite a Ford garage and surrounding properties are a mixture of shops, offices and residential streets.

Features

£500k - £1m
Attractive property
Freehold
Tenant Multiple

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Current Opportunities

Current Opportunity

Dry Cleaners and Flat, Sutton

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1456 sq ft
£ 425,000
Current Opportunity

Vacant Shop and Flat, Rayleigh

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£ 425,000
Current Opportunity

Consented Development of 4 flats, Wandsworth

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£ 900,000
Current Opportunity

Retail & HMO, Southall

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Current Opportunity

Tesco Express, Twickenham

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Gross Yield % 5.5
4157 sq ft
£ 2,300,000
Current Opportunity

Tesco, Shepherds Bush

Tesco Express, 31 Uxbridge Rd, London W12 8LH, UK View on map
Gross Yield % 5.5
3800 sq ft
£ 2,200,000
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Vacant Retail Unit, Wokingham

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2530 sq ft
£ 600,000
Current Opportunity

Bathroom Shop & 8 Flats, Kenton

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8302 sq ft
£ 2,500,000

Specsavers, Savers & Comfort Sofa’s

66 Boothferry Rd, Goole DN14 5BT, UK View on map
Gross Yield % 7.9
7586 sq ft
£ 650,000
Current Opportunity

Co-op Food, Bermondsey

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5326 sq ft
£ 2,450,000

Iceland, Houghton-Le-Spring

15 Newbottle St, Houghton le Spring DH4 4AP, UK View on map
1292.70 sq ft
£ 1,300,000
Current Opportunity

Shop & 3 flats, Redhill

3 Brighton Rd, Redhill RH1 6TW, UK View on map
2595 sq ft
£ 950,000

Nail Salon, Stanmore, Greater London

7A The Broadway, Stanmore HA7 4DA, UK View on map
Gross Yield % 5
692 sq ft
£ 425,000
4992 sq ft
£ 3,800,000

Bodycare, West Bromwich

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3713 sq ft
Current Opportunity

Co-op Food & Flat, Salisbury

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Gross Yield % 7
2398 sq ft
£ 375,000
High Yield

Mixed Parade (Card Factory, Greggs & Restaurant), Boscombe

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£ 875,000
Current Opportunity

Victorian Shopping Arcade, Walsall

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35724 sq ft
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Supermarket & 2 Flats, Boscombe

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