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    Key features

    • To be sold at the 10th May 2023 auction unless sold prior
    • Approved planning permission for 10 private x two bedroom flats
    • Proposed Ground floor commercial space an approx. 170 sqm (1,829 sq ft)
    • Located directly opposite Redhill station
    • Located Adjacent to the The Rise, redevelopment and regeneration forming a new cinema and other leisure led occupiers
    • Located opposite the Picture House (11 storey residential block of 1 & 2 beds)
    • Future development will benefit from the wider regeneration of the area.
    • 6 week completion

    Description

    The property is an end of terrace former Public House comprising of three floors. The property is to be sold with the benefit of planning permission for 10 x 2 bedroom flats over 1st, 2nd,3rd and 4th floors with commercial space on the ground floor. The property is located at the end of busy pedestrianised shopping parade with prominent high street brands.

    The property is located beside the The Rise redevelopment (leisure led mixed use development) which forms part of the regeneration of the surrounding area with the Light cinema being the anchor tenant and a range of other tenants including Tesco's.

    There is also 2 large residential schemes located close by comprising of 11 stories.

    Proposed accommodation schedule

    • Commercial unit - 170 sqm (1,829 sq ft)
    • Unit 1 - 2 bed - 70.2 sqm (756 sq ft)
    • Unit 2 - 2 bed - 75.55 sqm (813 sq ft)
    • Unit 3 - 2 bed - 70.2 sqm (756 sq ft)
    • Unit 4 - 2 bed - 70.2 sqm (756 sq ft)
    • Unit 5 - 2 bed - 75.55 sqm (813 sq ft)
    • Unit 6 - 2 bed - 70.2 sqm (756 sq ft)
    • Unit 7 - 2 bed - 70.2 sqm (756 sq ft)
    • Unit 8 - 2 bed - 70.1 sqm (755 sq ft)
    • Unit 9 - 2 bed - 62.5 sqm (673 sq ft)
    • Unit 10 - 2 bed - 68 sqm (732 sq ft)


    Additional information

    Tenure

    Freehold

    Tenancy

    Vacant

    Planning

    Reigate & Banstead Borough Council

    Planning ref: 19/01636/S73

    Description: Re-development of the site to provide 4 storey building comprising 10 apartments and ground floor flexible active frontage commercial unit within any or either use class A1 retail, A2 professional services, A3 restaurant/cafe, A4 pub/bar, B1 office, D1 community or D2 gym use. Variation of condition 1 of permission 18/01857/F including amendment to approved plans, inclusion of a lift to all levels, rooftop plant including heat pumps and associated access hatch and metal balustrade.


    Notes

    Joint Agent

    Vandermolen Real Estate

    Sam Phillips

    sp@vandermolenre.co.uk

    07956341581


    Please note the site areas provided are approximate. The photos, yellow line drawings, CGI's and sketched are for illustrative purposes only and may not reflect the exact boundary of the site or what can be built on site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.


    VAT is applicable on this site


    The sketch used in the photos has been taken from the D&S in the planning ref:18/01857/F. Please note that the sketch may not reflect what can be built on site and is for illustrative purposes only.

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      Local information

      The property is located on the junction of Marketfield Way and Station Road.

      Redhill Station is located opposite the site an approx. 100 metres from the property.

      Transport

      Red Hill Station - National Rail services

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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