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Freehold Office Premises with Development Potential

For sale: POA|0.21 Acres|Other commercial, Residential, Offices, Office

Property details

FOR SALEPOA
SIZE0.21 Acres
ADDRESSUnits 1-5 The Old Tannery, Oakdene Road, Redhill RH1 6BT
TYPEOther commercial, Residential, Offices, Office
TENUREDevelopment Opportunity
POSTED ON1st July 2021

Description

An opportunity to purchase detached offices with further development potential in a highly strategic location in Surrey.

The site comprises two separate office buildings, a two story building on the left hand side of the site and a single story building to the rear measuring a total of 3,603 sqft. The offices are rented to 5 tenants which generates an income of £48,950 per annum along with an annual service charge of £1,646 per annum. All 5 units are currently occupied and sit outside of the 1954 act. Vacant possession can be provided on serving the tenants no less than 3 months’ notice.

The designated use is currently E Class (Commercial, Business and Service) and the offices come with parking for 16 cars. The site presents an opportunity for a variety of uses such as a medical center, day nursery or other commercial businesses alike.

There is no recent or significant planning history on the site, however, we consider a residential-led redevelopment scheme or a change of use to be feasible subject to planning permission.

We encourage all interested parties to conduct their own research on the feasibility of the site. Viewings can be arranged upon request.

Location

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Location: Units 1-5 The Old Tannery, Oakdene Road, Redhill RH1 6BT

Redhill (0.4 miles)

Earlswood (Surrey) (0.8 miles)

Reigate (1.3 miles)

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