• Broker Marcus Chuter 2074955550
  • Broker Alastair Tyrrell 2074955550

Douglas House 40 London Rd 31,641 SF 100% Leased Office Building Reigate RH2 9QP $6,750,462 ($213.35/SF)

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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
$6,750,462
Price Per SF
$213.35
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

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ADDITIONAL PHOTOS

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