Freehold Mixed-Used Premises with Development Potential

Brook Road, Redhill RH1

£400,000

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Description

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 rented on a traditional Assured Shorthold Tenancy 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 2016, (16/01622/F) planning permission was refused for the redevelopment of the site to provide 6 x 1 bed flats and associated parking. We consider there to be potential for a newbuild scheme or to add a rear extension and convert the ground floor into residential subject to planning permission. 

Unconditional offers in the region of £400,000 are invited. Vacant possession can be provided and viewings can be arranged upon request. 

 

Location

3A Brook Road, Redhill, Surrey RH1 6DL

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.

 

Planning History

In 2016, (16/01622/F) planning permission was refused for the redevelopment of the site to provide 6 x 1 bed flats and associated parking.

For more information, please contact:

Nathan King
Senior Development Consultant
nathan@cityandcounties.com
020 8106 8666

Latif Acisu
Land Consultant
latif@cityandcounties.com
020 8106 8666

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