27 Station Rd - Storefront FOR SALE


Redhill, SRY RH1 1QH
$400,000 USD
173-730-4778
27 Station Rd, Redhill, SRY for Sale
$400,000 USD
Storefront - FOR SALE
1/6
null | 8.05% Cap Rate

27 Station Rd
Redhill, SRY RH1 1QH


HIGHLIGHTS

  • Rarely available prime freehold investment opportunity
  • Ground floor retail lease renewed on a straight 5 year term from July 2024
  • Affluent Surrey Commuter Market town
  • Prime pedestrianised retail pitch
  • Two residential flats sold off on 125 year leases from April 2015 at an annual ground rent of £250 per flat
  • Total annual income of £33,500

OVERVIEW

The property comprises a mid-terrace part three storey, part two storey and part single storey mixed use building of traditional brick construction. The property sits beneath a pitched and tiled roof and has painted rendered elevations and timber sash windows. The first and second floors of the front three storey section of the building are configured as 2 no. residential flats. The ground floor retail unit, currently let to Sequence (UK) Limited (t/a Barnard Marcus), is mainly open plan with two partitioned offices, a staff area, kitchen and staff W/C facilities located towards the rear of the property. The remaining elements of the first and second floors comprise two residential flats which are sold off on long leases. The two residential flats are accessed externally to the rear of the property via external metal staircases in a shared yard, which is accessed via a secure gate to a rear passage providing access to and from Station Road via Warwick Quadrant.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$352 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,248 SF

ZONING

-

APN/PARCEL ID

SY127050,SY815278,SY844774

ASK ABOUT THIS PROPERTY

James KinallyBoddy & EdwardsMore Info
173-730-4778

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James KinallyBoddy & EdwardsMore Info
173-730-4778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.