Douglas House40 London Rd31,641 SF100% LeasedOffice BuildingReigate RH2 9QP$6,778,500 ($214.23/SF)
INVESTMENT HIGHLIGHTS
Highly prominent office building situated within an affluent and high value residential town, surrounded by amenities
87 car parking spaces providing an attractive car parking ratio of 1:364 sq ft
Residential end sales values are in excess of £575 per sq ft
Strong communication links being located adjacent to Reigate Train Station (45min journey time to London Victoria) and south of Junction 9 of the M25
Detailed planning permission (subject to s.106 agreement) for refurbishment and extension of the existing building
EXECUTIVE SUMMARY
Douglas House is a vacant town centre office offering the ability to redevelop / convert the asset through permitted development rights / reposition through the planning permission and or refurbish. The asset is located in the affluent Surrey Hills and adjacent to Reigate Train Station. Offers are sought in excess of £5,000,000 (Five Million Pounds), subject to contract and exclusive of VAT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
31,641 SF
Building Class
B
Year Built
1985
Price
$6,778,500
Price Per SF
$214.23
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,910 SF
Parking
52 Spaces (1.64 Spaces per 1,000 SF Leased)
AMENITIES
24 Hour Access
Bus Line
Security System
Energy Performance Rating - A
MAP
ADDITIONAL PHOTOS
Building Photo
Listing ID: 34887458
Date on Market: 2/20/2025
Last Updated: 4/4/2025
Address: 40 London Rd, Reigate RH2 9QP
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Building Photo
