£475,000
Station Road, Merstham, Surrey, RH1
- 5 beds
£475,000
- 5 beds
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*For sale via secure sale online bidding: terms and conditions apply.* Starting Bid ?475,000
Freehold House split into 5 self-contained Flats and PLANNING APPROVED for an adjacent Detached Bungalow. Current Income ?24,600 pa.
3 flats sold on long leases. -Flats 1, 4 & 5 sold on long leases Ground Rent - ?1,100 pa.
2 flats let on ASTs. - Flat 2 (1 bed) & Flat 3 (studio) worth in excess of ?400,000 and currently let for ?23,500 pa.
Ample parking
Communal garden
Adjacent Building Plot with Planning Permission for a detached bungalow.
Freehold property including three leasehold flats and two owned and let flats
FLAT 1
Lease 166 years from 1989. Ground rent ?150 pa. Ground Floor
FLAT 2
Lease 125 years from 2010. Let ?1,095 pcm. Ground rent ?400 pa. Ground Floor with patio
FLAT 3
Held within freehold Let ?875 pcm. 1st Floor
FLAT 4
Lease 172 years from 2023. Ground rent ?150 pa. 1st Floor
FLAT 5
Lease 125 years from 2010. Ground rent ?400 pa. 2nd Floor
POSITION:
Opposite Merstham train station and 100 yards from bus routes and local shops. Accessible to Victoria, Gatwick, Redhill, Croydon etc.
NOTES:
Flat 3 Flat 2 Building Plot Landlord Insures.Maintenance Budget 25/3/2025 24/3/26 ?3,380
NB:
These details do not form part of any contract and are for guidance only.
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