27 Station Rd
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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.
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
1 of 1
Nearby Major Retailers
1 of 6
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27 Station Rd
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