The Property
Arranged as a commercial unit over the ground floor & basement, together with three self-contained 2 bedroom flats across the upper parts, with all component parts let and income-producing.
Located in the centre of Redhill, the property benefits from extremely high footfall, and is just a 6 minute walk (0.3 miles) from the Train Station.
The building comprises a fully income-producing mixed-use investment, with the ground floor and basement commercial unit let on a Fully Repairing and Insuring (FRI) lease to a franchisee of Right at Home – a care agency with over 80 locations nationwide. Above, three self-contained 2 bedroom flats are let on Assured Shorthold Tenancies (ASTs), generating a total rent across the building of £79,000 per annum.
The Transaction
We were appointed sole selling agent by the vendor, a well-established private property company. Terms were agreed with a local cash buyer, and contracts were exchanged within four weeks of the buyers solicitor receiving the legal pack. The transaction was completed entirely off market.
Location
