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Land
Canalside, Redhill, Surrey RH1
Land Planning
£200,000
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Our Summary
- Planning permission granted
- Planning permission
- Burn and warne *development opportunity *planning consented for 2 X 1 beds 3 X 2 bed and 1 X 3 bed apartments, with further potential for 2 X 2 bed duplex apartments *good build to rent opportunity *gdv £1
- 85M estimated rental per annum circa £108'000 cil circa £35KBurn And Warne are offering For Sale the freehold title of a development of 19 units (existing flats have no ground rents and 107 year leases) in Canalside RedhillThe sale of the Freehold title comes with benefit of full planning permission for 2 x one bedroom apartments 2 x two bedroom apartments and 1 x 3 bedroom on the 4th and 5th floor all capale of having lift service
- Planning reference at Reigate & Banstead is 22/02621/P and the cil calculation is approx £40kPleae call Neil Warne on for further details
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Description
The property is a freehold development of 19 units in Redhill, with existing flats having 107-year leases and no ground rents. The sale comes with full planning permission for 21 apartments on the 4th and 5th floors, including 2 one-bedroom, 3 two-bedroom, and 1 three-bedroom units, all of which will have lift access. The development opportunity is on 4th and 5th floors, where 21 apartments are planned, providing a possible build-to-rent opportunity.