Property photos
Fixed price
£625,000
(£400.38/sq. ft)
Block of flats for sale
London Road, East Grinstead RH191,561 sq. ft
Local area information
Property location
Nearby amenities
- Imberhorne School 0.1 miles
- Baldwins Hill Primary School, East Grinstead 0.5 miles
- East Grinstead 1 mile
- Dormans 1.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Investment Consideration:
Gross Initial Yield: 9.31%
Rental Income: £58,200 p.a.
VAT is not applicable to this property
Comprises block of 2 x 1-bed and 2 x studio flats
Newly converted in 2022/2023 to a high standard
Within close proximity to local retailers including Londis Convenience Store, Pharmacy, Café and more.
Property Description:
The property comprises residential block of 2 x 1-bed and 2 x studio flats, newly developed/converted in 2022/2023, providing the following accommodation and dimensions:
Flat 31A: 39 sq m (420 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 31B: 42 sq m (452 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 31C: 34 sq m (366 sq ft)
Double Bed, Kitchen, Storage, Bathroom
Flat 31D: 30 sq m (323 sq ft)
Double Bed, Kitchen, Storage, Bathroom
Total NIA: 145 sq m (1,561 sq ft)
Tenancy:
Flat 31A is at present let on clt to Aston Pearl Ltd for a term of 12 Months from 22nd January 2024 at a current rent of £16,200 p.a.
Flat 31B is at present let on clt to Aston Pearl Ltd for a term of 12 Months from 22nd January 2024 at a current rent of £16,200 p.a.
Flat 31C is at present let on AST to S&G Properties Solutions for a term of 12 Months from 3rd October 2023 at a current rent of £9,600 p.a. Deposit held of £807.69.
Flat 31D is at present let on clt to Aston Pearl Ltd for a term of 12 Months from 22nd January 2024 at a current rent of £16,200 p.a.
Location:
The town benefits from excellent road and rail connections being on the A22 with Junction 6 of the M25 10 miles to the North and the M23 7 miles to the West. East Grinstead Railway Station provides regular services to Croydon and London Victoria. The premises are located in a prominent position fronting the London Road which forms one of the main roads into East Grinstead within close proximity to local retailers including Londis Convenience Store, Pharmacy, Café and more.
Gross Initial Yield: 9.31%
Rental Income: £58,200 p.a.
VAT is not applicable to this property
Comprises block of 2 x 1-bed and 2 x studio flats
Newly converted in 2022/2023 to a high standard
Within close proximity to local retailers including Londis Convenience Store, Pharmacy, Café and more.
Property Description:
The property comprises residential block of 2 x 1-bed and 2 x studio flats, newly developed/converted in 2022/2023, providing the following accommodation and dimensions:
Flat 31A: 39 sq m (420 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 31B: 42 sq m (452 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 31C: 34 sq m (366 sq ft)
Double Bed, Kitchen, Storage, Bathroom
Flat 31D: 30 sq m (323 sq ft)
Double Bed, Kitchen, Storage, Bathroom
Total NIA: 145 sq m (1,561 sq ft)
Tenancy:
Flat 31A is at present let on clt to Aston Pearl Ltd for a term of 12 Months from 22nd January 2024 at a current rent of £16,200 p.a.
Flat 31B is at present let on clt to Aston Pearl Ltd for a term of 12 Months from 22nd January 2024 at a current rent of £16,200 p.a.
Flat 31C is at present let on AST to S&G Properties Solutions for a term of 12 Months from 3rd October 2023 at a current rent of £9,600 p.a. Deposit held of £807.69.
Flat 31D is at present let on clt to Aston Pearl Ltd for a term of 12 Months from 22nd January 2024 at a current rent of £16,200 p.a.
Location:
The town benefits from excellent road and rail connections being on the A22 with Junction 6 of the M25 10 miles to the North and the M23 7 miles to the West. East Grinstead Railway Station provides regular services to Croydon and London Victoria. The premises are located in a prominent position fronting the London Road which forms one of the main roads into East Grinstead within close proximity to local retailers including Londis Convenience Store, Pharmacy, Café and more.
More information
Listed by
Blue Alpine Partners
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