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Station Road, Surrey RH1 5 bed property for sale
Station Road, Surrey RH1
£420,000
Station Road, Surrey RH1
£420,000
Our Summary
- Freehold House split into 5 self-contained Flats and PLANNING APPROVED for an adjacent Detached Bungalow
- Ample parkingCommunal gardenAdjacent Building Plot with Planning Permission for a detached bungalow
- Notes: - Flat 3 Flat 2 Building Plot Landlord Insures
Description
This freehold property in Merstham is currently divided into five self-contained flats, with three sold on long leases and two let on assured shorthold tenancies. The property also comes with an adjacent building plot, which has planning permission for a detached bungalow, and can be sold separately for £90,000. The current income from the property is £24,600 per annum, with three flats generating a ground rent of £1,100 per annum. The property is situated opposite Merstham train station and is easily accessible to various towns and cities, including Victoria, Gatwick, Redhill, and Croydon. The freehold property includes three leasehold flats and two owned and let flats, with the leasehold flats having varying terms and ground rents. The property also has a communal garden and ample parking.