Property description

Investment opportunities within Reigate are always in very short supply particularly apartments that can provide a high yield.

The apartment is set above a renowned local hairdressers, arranged over two floors with spacious rooms.

The position is absolutely ideal as it is a short walk away from Reigate's 'golden triangle', with an excellent mix of shops for day-to-day needs, close to highly renowned schools, as well as being only a short walk away from the award winning Priory Park. Also a short walk away is Reigate town centre with a superb mix of cafes, bars, restaurants, major shops, supermarket and mainline train station to London.

* This opportunity is also very rare as there is a potential development plot to the rear of the property, (which subject to final planning) to provide a detached mews style house providing over 600 sq ft of accommodation.* ( Price guide £95,000 )

In both cases this would be ideal for a developer or investor to either maximise rental yield and income or capital growth.

What the Owner says:

I have owned the apartment and potential development plot for over ten years, within that time it has provided a very healthy income. I have rented out the property for a number of years and also lived there as it is very convenient for my place of work.

*Recently I have had plans drawn up for a separate development to the rear of the apartment, which could provide over two floors a lounge, kitchen/diner, double bedroom and bathroom. This would be ideal for a purchaser to continue and obtain final planning.

Room sizes:

• Entrance Hall
• Lounge: 13'5 x 10'9 (4.09m x 3.28m)
• Kitchen: 6'0 x 5'0 (1.83m x 1.53m)
• Bedroom 2: 8'6 x 8'6 (2.59m x 2.59m)
• Shower Room: 5'9 x 5'1 (1.75m x 1.55m)
• Landing

• Bedroom 1: 14'10 (4.52m) x 14'0 (4.27m) narrowing to 10'0 at narrowest point (3.05m)
• Overall Size of Plot: 25'0 x 12'0 (7.63m x 3.66m)
• Lounge
• Kitchen/Diner
• Bedroom 1
• Bathroom

 
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Property Features :

• OPEN HOUSE SATURDAY 18TH APRIL 2015 - by appointment only
• Modern kitchen
• Separate development unit (subject to planning)
• Short walk to town
• EPC energy rating C (72)