7 Hatchlands Rd
Redhill RH1 6AA
Retail Property For Sale

The FREEHOLD INVESTMENT UNDER TITLE NO SY728272comprises one retail unit, three residential flats let on Assured Periodic tenancies, having started as ASTs and a Long Leasehold of one flat which is included within the demise.
This investment portfolio has been let by the current owners for nearly two decades and offers a great opportunity to a new Landlord. The shop operates as a florist by the freeholder who wishes to divest of the investment but to continue just trading with her floristry business that has been established for decades. Each unit has benefitted from continuous tenancy.
7 Hatchlands Road – This E Class unit with traditional timber shopfront has traded as Greensleeves Florists for decades by the current owner . It comprises of the retail area of 489 sq ft, rear office 82 sq ft, store 15 sq ft and spacious ground floor basement 233 sq ft which contains the kitchenette and WC. –The building will be sold with the vendor taking a leaseback on the shop and basement on a five year FRI Lease at a passing rent of £14,500.
7a Hatchlands Road– This flat is subject to a 125 year lease from 23.12.03
7b Hatchlands Road– Appealing one bedroom first floor flat to the front of the building currently let unfurnished on an Assured Periodic Tenancy at £1150 pcm. The flat comprises a nice large living room with open plan kitchen to the front, bedroom and shower room.
1b Charman Road– One bedroom lower ground floor flat currently let unfurnished on an Assured Periodic Tenancy at £1150 pcm The flat comprises a living room with open plan kitchen, bedroom with window to the side and shower room.
1c Charman Road– One bedroom lower ground floor flat currently let unfurnished on an Assured Periodic Tenancy at £1150 pcm comprising living room with open plan kitchen, bedroom with window to the side and shower room.
The residential flats provide rent of £41,400 pa on an APT basis and the commercial element £14,500 pax with total passing rent of £55,900 pa gross. The Landlords have not maximised the rental income due to preferring stability of settled Tenants.
Offers in excess of £700,000 for the freehold interest subject to the existing Assured Shorthold Tenancy leases.
We understand that all parts have the benefit of gas, electric and water supply and each Tenant is responsible for said costs.
Each party to be responsible for their own legal costs in the transaction.