No longer on the market
This property is no longer on the market
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1 bedroom property
Key information
Features and description
- Two modern flats in sought after Reigate
- Includes a one bedroom and a two bedroom flat
- Flat 12 is 46 sq m (492 sq ft) & Flat 13 is 83 sq m (893 sq ft)
- Section 146 of the Law of Property Act has been served (refer to the legal pack)
- Potential to develop a third flat, subject to consents
- Currently producing £30,600 per annum
- Online Auction on Thursday, 19 October 2023
The development consists of a mix of modern flats over two floors. Flat 12 is located on the first floor and is a one bedroom flat with an open plan reception room/modern fitted kitchen with integrated appliances, and a double shower room. The flat has wood laminate flooring throughout and totals about 46 sq m (492 sq ft). Flat 13 is a two bedroom flat, which again is in good decorative order with plenty of natural light throughout, and totals about 83 sq m (893 sq ft).
There may be scope to develop a third flat within the roofspace, subject to the necessary consents.
Location:
Reigate is a town in Surrey, about 19 miles south of central London. It is in the London commuter belt and one of four towns in the borough of Reigate and Banstead. It is sited at the foot of the North Downs and extends over part of the Greensand Ridge. Reigate has a medieval castle and has been a market town since since the medieval period, when it also became a parliamentary borough.
Flats are 12 & 13 are located just south of Reigate Town Centre, directly opposite Priory Park on the east side of Bell Street accessed between Chalk Hills Bakery and Majestic Wine and just 0.6 of a mile from Reigate train station. It forms part of the prestigeous Park House development.
Tenancy:
The flats are both let on separate Assured Shorthold tenancy agreements. Flat 12 is let out for £1,200 pcm and Flat 13 for £1,350 pcm, totalling £30,600 per annum. Refer to the legal pack for the agreements.
Online Auction on Thursday, 19 October 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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