West Street, Reigate, Surrey, RH2
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
8
- SIZE
4,547 sq ft
422 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- A recently converted residential investment opportunity, located in Reigate, RH2, located 0.5 miles from Reigate station (Southern Railway).
- The remaining 8 apartments comprise 1 x studio, 3 x 1 beds and 4 x 2 beds, 4,547 sq ft NIA.
- Average values of flats already sold within the building exceed £500 psf.
- The estimated rental value (ERV) of the residential apartments is £147,600 per annum.
- Freehold.
Description
* A recently converted residential investment opportunity located in Reigate, RH2.
* The property is located 0.5 miles from Reigate station (Southern Railway).
* Developed in the latter part of 2024, the building consists of 14 apartments, 6 of which have been sold off on long leases. The ground floor retail has also been sold off on a long lease.
* The remaining 8 apartments comprise 1 x studio, 3 x 1 beds and 4 x 2 beds, 4,547 sq ft NIA.
* Average values of flats already sold within the building exceed £500 psf.
* The estimated rental value (ERV) of the residential apartments is £147,600 per annum.
* The sold off ground floor retail is occupied by 4 tenants which are not detrimental to the value of the apartments.
* Apartments being sold with vacant possession along with the benefit of 5 car parking spaces.
PROPOSAL
* Guide Price - Offers in Excess of £1,450,000 (One Million, Four Hundred and Fifty Thousand Pounds), subject to contract, reflecting a low Capital Value of £318 per sq ft and an estimated Gross Yield of 10.1% against the ERV.
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
West Street, Reigate, Surrey, RH2
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Visit our security centre to find out moreDisclaimer - Property reference BrookHouse5-13WestStreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ESTATE OFFICE INVESTMENTS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call ESTATE OFFICE INVESTMENTS LIMITED, London on 020 3910 6553.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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