This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

27 Station Rd

1,135 SF Retail Building Redhill RH1 1QH £580,000 (£511/SF) 6.21% Net Initial Yield

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,135 SF
Building Class
B
Year Built
1960
Price
£580,000
Price Per SF
£511
Net Initial Yield
6.21%
NOI
£36,000
Tenancy
Single
Number of Floors
3
Building FAR
0.91
Land Acres
0.03 AC
Frontage
15 ft on Station Rd

Amenities

  • Signage
  • Storage Space

Nearby Major Retailers

Curves
Kokoro
Lloyds Bank
Santander
Sainsbury's
The Gym
Iceland
National Westminster Bank Plc
The Co-operative Food
eurochange
  • Listing ID: 33932326

  • Date on Market: 20/11/2024

  • Last Updated:

  • Address: 27 Station Rd, Redhill RH1 1QH

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}