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83 Horley Rd

174 SF Retail Building Redhill RH1 5AS £295,000 (£1,695/SF) 7.53% Net Initial Yield

Investment Highlights

  • Located on small retail parade
  • Within large residential area
  • Customer parking

Executive Summary

Mixed use investment in well-established local parade with layby parking. The ground floor retail unit is let to a dog-groomers trading as Jane’s Pampaw Grooms. The workshop at the rear is let to a vehicle restorer / mechanic. The 3-bed maisonette is arranged over part ground (at the rear of the shop) and first floors.
£295,000 for the freehold, subject to contract. There is potential for active management and improving the rental return. The property is to be “sold as seen”.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
174 SF
Building Class
B
Year Built
1937
Price
£295,000
Price Per SF
£1,695
Net Initial Yield
7.53%
NOI
£22,200
Tenancy
Single
Number of Floors
2
Building FAR
0.35
Lot Size
0.01 AC
Frontage
36 ft on Horley Road

Amenities

  • Signage
  • Listing ID: 34320113

  • Date on Market: 30/12/2024

  • Last Updated:

  • Address: 83 Horley Rd, Redhill RH1 5AS

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