>
Land for sale
Canalside, Redhill, Surrey, RH1
£325,000
Canalside, Redhill, Surrey, RH1
£325,000
Our Summary
- 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
- PLANNING PERMISSION
- PLANNING PERMISSION GRANTED
Description
Burn and Warne are offering the freehold title of a development in Canalside Redhill, featuring 19 units, including existing flats with no ground rents and 107-year leases. The property has full planning permission for 2 one-bedroom, 3 two-bedroom, and 1 three-bedroom apartments on the 4th and 5th floors, all with lift access. The development has a gross development value of £1.85 million and an estimated rental income of £108,000 per annum. Additionally, there is potential to create two more two-bedroom duplex apartments. The sale includes a CIL calculation of approximately £35,000. Interested parties should contact Neil Warne for further information.