39-43 Station Road Redhill Surrey RH1 1QH

  • 39-43 Station Road<br>Redhill<br>Surrey<br>RH1 1QH

39-43 Station Road
Redhill
Surrey
RH1 1QH

Freehold Bank, Retail and Office Investment in Prosperous Commuter Town

  • 77% of income secured against National Westminster Bank plc until 2019
  • Future redevelopment potential (subject to consents)
  • Prime pedestrianised town centre location opposite The Belfry Shopping Centre
  • Nearby occupiers include Nationwide Building Society, Greggs Bakers, Costa Coffee and Betfred
  • Extensive yard and car parking to the rear of the property
  • Six Week Completion Available
  • Lot
    4
  • Auction
    22nd February 2011
  • Rent
    £115,500 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Bank
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On behalf of Joint LPA Receivers
Important Update
  • Expand
  • Photos
  • Map

Freehold Bank, Retail and Office Investment in Prosperous Commuter Town

  • 77% of income secured against National Westminster Bank plc until 2019
  • Future redevelopment potential (subject to consents)
  • Prime pedestrianised town centre location opposite The Belfry Shopping Centre
  • Nearby occupiers include Nationwide Building Society, Greggs Bakers, Costa Coffee and Betfred
  • Extensive yard and car parking to the rear of the property
  • Six Week Completion Available
  • Lot 4
  • Auction 22nd February 2011
  • Rent £115,500 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Bank
  • Auction Venue
    Millennium Hotel
    39-44 Grosvenor Square
    London W1K 2HP
  • On behalf of Joint LPA Receivers

Property Information

Location
Miles
8 miles north of Crawley, 19 miles south of Central London
Roads
M25, M23, A23, A25
Rail
Redhill Railway Station
Air
Gatwick Airport (8.4 miles)
Situation

The property is situated in a busy pedestrianised location on the northern side of Station Road within the town's principal retail area. The property sits opposite an entrance to The Belfry, Redhill's main shopping centre, which houses retailers such as Marks & Spencer, Boots the Chemist, W H Smith and Waterstones. Other neighbouring occupiers include Nationwide Building Society, Greggs Bakers, Costa Coffee and Betfred.

Tenure

Freehold. NB The property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability

Location
Miles
8 miles north of Crawley, 19 miles south of Central London
Roads
M25, M23, A23, A25
Rail
Redhill Railway Station
Air
Gatwick Airport (8.4 miles)
Situation

The property is situated in a busy pedestrianised location on the northern side of Station Road within the town's principal retail area. The property sits opposite an entrance to The Belfry, Redhill's main shopping centre, which houses retailers such as Marks & Spencer, Boots the Chemist, W H Smith and Waterstones. Other neighbouring occupiers include Nationwide Building Society, Greggs Bakers, Costa Coffee and Betfred.

Tenure

Freehold. NB The property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability

Description

The property comprises two adjoining buildings with an extensive rear yard and parking area.No. 39/41 comprises a GROUND FLOOR BANKING HALL with strong room and storage accommodation on the lower ground floor and OFFICE ACCOMMODATION on the first and second floors, accessed both internally and externally from Station Road. The tenant is currently in occupation of only part of the office accommodation. No. 43 comprises a GROUND FLOOR RETAIL UNIT with OFFICE ACCOMMODATION on first, second and third floors accessed via the bank's office accommodation entrance on Station Road. The upper floors are currently unoccupied.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two adjoining buildings with an extensive rear yard and parking area.No. 39/41 comprises a GROUND FLOOR BANKING HALL with strong room and storage accommodation on the lower ground floor and OFFICE ACCOMMODATION on the first and second floors, accessed both internally and externally from Station Road. The tenant is currently in occupation of only part of the office accommodation. No. 43 comprises a GROUND FLOOR RETAIL UNIT with OFFICE ACCOMMODATION on first, second and third floors accessed via the bank's office accommodation entrance on Station Road. The upper floors are currently unoccupied.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/(Reversion)
39-41 Station Road Lower Ground
Ground
Strong Room/Storage
Banking Hall
80.7 sq m
299.0 sq m
(869 sq ft)
(3,218 sq ft)
NATIONAL WESTMINSTER BANK PLC (1)(2) 20 years from 22/02/1999 £70,000 22/02/2014
39-41 Station Road First
Second
Office
Office

89.7 sq m
97.8 sq m

(965 sq ft)
(1,052 sq ft)
NATIONAL WESTMINSTER BANK PLC (1)(2) 20 years from 22/02/1999 £19,000 22/02/2014
43 Station Road Ground Retail 69.3 sq m (745 sq ft) CONNELLS RESIDENTIAL (3)(4) 10 years from 29/09/2002 £26,500 (28/09/2012)
43 Station Road First
Second
Third
Office
Office
Office
87.3 sq m
103.5 sq m
20.0 sq m
(940 sq ft)
(1,114 sq ft)
(215 sq ft)
TO BE OFFERED WITH FULL VACANT POSSESSION
Totals 847.30 sq m (9,118 sq ft) £115,500

(1) For the year ending 31st December 2009, National Westminster Bank plc reported a turnover of £13,769,000,000, pre-tax profits of £1,129,000,000 and a total net worth of £13,451,000,000.
(Source: www.riskdisk.com 13/01/2011) (2) Please note that the tenant has exclusive rights to park in the car park at the rear as specified in the leases. (3) For the year ending 31st December 2009, Connells Residential reported a turnover of £60,722,000, pre-tax profits of £16,256,000 and a total net worth of £12,930,000. (Source: www.riskdisk.com 13/01/2011) (4) Please note that Connells Residential have been occupying an external basement which is not part of their demise.

Property Documents

  • Site Plan
    Updated Date
    23.09.15
    File Size
    48 KB
    View PDF
  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    453 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Shoosmiths 7th Floor, 125 Colmore Row
Birmingham
B3 3SH
+44 (0)3700 864001
Aaron Harlow +44 (0)3700 864219aaron.harlow@shoosmiths.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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