Gatwick International Airport and M25 within easy reach
The Subject property is located within a strong secondary market area
The property consists of three main mixed use buildings comprising both Office and General Industrial space, along with a number of further light industrial buildings, providing c.35,000 sqft of accommodation
Current Passing rent c.£200,000
Opportunity to enhance income through active management of both General Industrial and Office accommodation
Our Clients are seeking offers for the Freehold interest
Bonehurst Road, Redhill, RH1 5ES
Type: Industrial, Mixed use, Office, General industrial, Light industrial, Other Property Types & Opportunities, Offices
The property comprises a two storey detached building with single storey extensions to the side and rear elevations beneath a mix of pitched and flat roofing. The building has painted rendered elevations and single glazed wooden framed fenestration.
Externally there is an enclosed trade garden to the rear elevation with seating on wooden benches for 12 customers. In addition there is seating to the front elevation for 6 customer on a wooden bench.
To the rear of the property is a service yard with access from Station Lane.
The car park to the front elevation provides parking for 4 vehicles.
- Located on the well-established Holmethorpe Industrial Estate in Redhill Surrey - Secure level site of approximately 2.05 acres - Comprising five industrial units renovated in 2015, totalling 47,076 sq ft - Passing rent £245,633 per annum exclusive, equating to a low average of £4.50 per sq ft with a reversionary rent of £398,070 per annum - Offers in excess of £4.5 Million reflecting a low capital value figure of £82.31 per sq ft - A purchase at this level would reflect a net initial yield of 5.11%, assuming purchaser's costs of 6.75% with a reversionary yield of 8.85% - Freehold - Good proximity to Central London with excellent road and rail links - Good asset management potential with reversionary rents ( Agency Pilot Software Ref: 177 )
Prime retail and leisure scheme in the heart of Redhill
- The scheme provides 75m of High St frontage complemented with a further - 100m of active frontage to Marketfield Way. - pre-lets exchanged with The Light Cinema, 6 screens, TK Maxx, GBK, Bella Italia - The scheme comprises a further 6 A3 restaurants - 18,000 sq f of prime High St retail - 150 residential units - Quoting Terms available on Request
To Let - Redhill New Retail and Leisure Destination - Retail/Restaurant Units
Type: Leisure Property, General Retail, Retail - High Street, Licensed & Leisure, Retail
Marketfield Road, Redhill, RH1 1RHGBReigate and Banstead, RedhillSurreyRH1 1RH18, High Street
• Office building with planning consent for conversion to 10 residential units • 0.356 hectare site (0.88 acres) • For sale freehold • Seeking unconditional upon planning offers View our dedicated website for more details: www.pattesoncourt.com