Freehold Office Premises with Development Potential

Oakdene Road, Redhill RH1

£900,000

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Description

An opportunity to purchase detached offices with further development potential in a highly strategic location in Surrey.

The site comprises two separate office buildings, a two story building on the left hand side of the site and a single story building to the rear measuring a total of 3,603 sqft. The offices are rented to 5 tenants which generates an income of £48,950 per annum along with an annual service charge of £1,646 per annum. All 5 units are currently occupied and sit outside of the 1954 act. Vacant possession can be provided on serving the tenants no less than 3 months’ notice.

The designated use is currently E Class (Commercial, Business and Service) and the offices come with parking for 16 cars. The site presents an opportunity for a variety of uses such as a medical center, day nursery or other commercial businesses alike.

There is no recent or significant planning history on the site, however, we consider a residential-led redevelopment scheme or a change of use to be feasible subject to planning permission.

We encourage all interested parties to conduct their own research on the feasibility of the site. Viewings can be arranged upon request.

Location

Units 1-5 The Old Tannery, Oakdene Road, Redhill RH1 6BT

The site is situated in the heart of Redhill which offers a wide range of local amenities.

Redhill town center is only a short walk away and offers a wide range of amenities including the Belfry Shopping Center. Reigate High street is only a 10- minute commute away providing various shops, restaurants and bars.

The M23 runs on the east of the site, which connects to the M25. This makes Central London accessible within an hour. The nearby roads provide links to Gatwick Airport within 15 minutes. Redhill Train station is a 7 Minute walk away and can provide trains to Croydon, Brighton & Gatwick Airport.

This up and coming Surrey location is perfect for families, businesses and professionals alike.

Disclaimer

All sizes mentioned below are approximate.

Accommodation

UNIT - SIZE (SQFT) RENT LEASE EXPIRY
1 - 678 £6,800 30th June 2021
2 - 430 £6,199 Rolling Contract
3 - 923 £13,600 Rolling Contract
4 - 1,010 £12,600 Rolling Contract
5 - 548 £9,750 13th July 2021
TOTAL - 3,603 £48,950

Plans