Parking/garage for sale

Reigate, Surrey RH2

The Old Registry, 44 Reigate Hill provides an excellent opportunity to acquire a substantial freehold residential investment comprising six self-contained apartments, Flats 1–6, all currently occupied and being sold with tenants in situ.

Occupying an attractive and imposing building with an elegant rendered façade, tall sash-style windows, bay detailing and a columned entrance, The Old Registry has considerable kerb appeal and creates an impressive first impression. The building is approached via a substantial frontage, complemented by established shrubs, clipped hedging and mature trees that provide attractive greenery around the property.

Internally, the individual apartments have been finished in a smart contemporary style, providing an appealing contrast to the more traditional character of the exterior. While the precise arrangement and accommodation varies between the six individual flats, the photographs illustrate a pleasing and consistent standard of presentation.

Externally, The Old Registry enjoys an impressive approach from Reigate Hill with a broad frontage and established landscaping complementing the architecture of the building. The precise allocation and use of parking, communal areas and other external spaces should be confirmed within the legal documentation.

The property occupies a highly convenient position on Reigate Hill, within easy reach of Reigate town centre and its excellent selection of independent shops, cafés, restaurants and everyday amenities. Reigate mainline railway station provides convenient connections for commuters, while the area is well served by road links and surrounded by attractive Surrey countryside. The town's popular Priory Park provides extensive open space and recreational facilities.

With all six apartments being sold together with the freehold and subject to the existing tenancies, The Old Registry presents an appealing opportunity to acquire an established residential investment in a prominent and convenient Reigate location.
Investment opportunity

The Old Registry is offered for sale as a complete freehold residential investment in two lots. The first comprising six self-contained apartments, all currently let and being sold subject to the existing tenancies. The portfolio currently produces a combined rental income of £115,380 per annum, equating to a gross yield of approximately 5% based upon the guide price. The second lot comprises the car park to the rear which has the benefit of planning consent for three 850 sq ft apartments. The price quoted is for lots one and two. The Full tenancy information and supporting documentation can be made available to genuinely interested parties.

Tenure: Freehold
The sale comprises the freehold interest in The Old Registry together with Flats 1,2,3,4,5 and 6, all of which are currently occupied and being sold subject to the existing tenancies.