73 Canalside, Redhill, South East, RH1 2NH
- PROPERTY TYPE
Land
- SIZE
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Key features
- Freehold development opportunity and ground rent investment
- Planning permission granted for two additional floors
- Accommodation to include six new residential dwellings
- Ground rent secured against 19 flats and a Tesco Express supermarket
- Held on two separate 999 year leases as a peppercorn
- On the instructions of the Joint LPA Receivers
- Online Auction on Thursday, 17 September 2026
Description
A modern four storey building arranged as a ground floor supermarket and 19 flats arranged over first, second and third floors. Externally there are a number of parking spaces included within the title (refer to legal pack).
The building benefits from planning permission for an additional two storeys to provide a further six flats totalling approximately 4,357 sq ft. Prospective purchasers are to rely on their own enquiries in this regard.
Location:
Redhill lies approximately 20 miles south of Central London and 12 miles north of Crawley and can be accessed via the A23 (London/Brighton Road) and the A25 (Nutfield Road). It is situated just to the south of the M25 motorway and just to the west of the M23 motorway, which can be accessed via junctions 6/7 and 8/9 respectively. Redhill railway station provides regional rail services as well as regular direct services to London Victoria, London Bridge and Brighton as well as direct services to London Gatwick Airport, which lies approximately 8 miles south of the town. Addironally numerous bus routes serve the area.
Canalside lies approximately 1.5 miles north east of the town centre running east from Trowers Way in an area that has seen much development in recent years. The property lies on the north side of the road in a mainly residential location.
Tenancy:
The ground and upper floors are sold off on 999 year leases from April 2022 at a peppercorn (refer to the legal pack for copies of the head leases).
Online Auction on Thursday, 17 September 2026. For further information, such as legal documents and property information, please visit bidx1.com.
73 Canalside, Redhill, South East, RH1 2NH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Merstham Station0.9 miles
- Redhill Station1.0 miles
- Earlswood (Surrey) Station1.8 miles
Notes
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*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.
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