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Please get in touch if you'd like to discuss this property, by using one of the following:
01225 904704 allan.lloyd@cs-re.co.uk
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Furness House, 53 Brighton Road, Redhill, Surrey, RH1 6SH

PROPERTY TYPE: Investment, Residential

STATUS: Available

SIZE: 26637 - 26637 sq ft

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Product Description

Furness House is a bespoke collection of 71 contemporary one and two bedroom apartments set over four floors.

The property fronts the Brighton Road which connects London and Brighton on the south east coast.

Originally constructed in 1980s as a self contained office building of around 2,474sq m (26,637sq ft) situated on a 0.83 acre (0.34 hectare) site.
The conversion from B1 office to C3 residential accommodation completed in June 2020 comprising 71 apartments of which 19 have now been sold on 130 year leases.

The remaining 52 apartments, made up of 47x 1 bedroom apartments and 5x 2 bedroom properties, along with the freehold interest, are included in the sale. The majority are let on standard AST’s.

The property has the benefit of 76 car parking spaces within the car park to the rear of the property. Each property has the benefit of one space and 18 have been sold off.

Current approximate Gross Contractual Rent Passing of £45,000 per calendar month (£540,000 per annum).

NB area of 26,637 sq ft is prior to conversion. New GIA area TBC.

Location

The town's close proximity to the M25, with Junction 8 some 3 miles to the north west, allows excellent connections to the UK's national motorway network with the M23 (Junction 9) to the east accessed via the A23 giving access to Brighton and the south coast. The town has excellent rail access, with a direct train service to London Victoria (29 minutes) and London Bridge (33 minutes) operating every 10 minutes at peak times. The station also provides a regular service to nearby Gatwick Airport (7 minutes) and Brighton (45 minutes). The town is well positioned for London's main international airports, located 6 miles to the north of Gatwick and 32 miles south east of Heathrow. Redhill is currently benefiting from significant regeneration through both private and publicly funded development projects that are being undertaken to improve the town. Plans look to further improve the current Redhill Railway Station with a vision of creating a new gateway and pedestrianised environment, new sustainable homes, retail spaces and public realm improvements.

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Documents/Downloads

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Map

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Property Quote Price

Tenure Guide Price Price Type
On-application £0
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