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Abbey House 25 Clarendon Road, Redhill, Rh1 1Qz

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Abbey House 25 Clarendon Road, Redhill, Rh1 1Qz ABBEY HOUSE 25 CLARENDON ROAD, REDHILL, RH1 1QZ A WELL LET OFFICE INVESTMENT FOR AN UNBROKEN TERM OF 11 YEARS WITH UNDERLYING RESIDENTIAL DEVELOPMENT POTENTIAL 2 r Redhill is an affluent Surrey town and situated approximately 20 miles to the south of Central London INVESTMENT SUMMARY r Abbey House is located in the heart of Redhill town centre r Freehold r The property comprises an office building constructed in 1999 r Arranged over basement (lift & riser), ground, first and second floors r Total floor area of 14,848 sq ft NIA r 32 parking spaces provided in a secure under- croft car park, reflecting an excellent town centre ratio of 1:464 sq ft r Let in its entirety to Redhill Town Centre Ltd, trading as Regus, with Regus Holdings Plc as guarantor r A new 11 year FR&I lease from June 2021 with an upward only rent review in June 2027 r The lease is guaranteed by Regus Holdings Plc for the entire duration of the term r Passing rent of £310,000 p.a (£21 psf overall) r An average of 76% occupancy in 2020, which is strong r The property benefits from a permitted development consent for 23 units from June 2021 r Potential to add a two storey extension under Permitted Development r Offers are sought in excess of £4,850,000 (FOUR MILLION, EIGHT HUNDRED AND FIFTY THOUSAND POUNDS), being subject to contract and exclusive of VAT. A purchase at this reflects a net initial yield of 6% (assuming purchaser’s costs of 6.60%) ABBEY HOUSE, 25 CLARENDON ROAD, REDHILL, RH1 1QZ 3 ABBEY HOUSE QUADRANT SHOPPING CENTRE REDHILL STATION REDHILL STATION QUARTER REGENERATION PROJECT PICTUREHOUSE MARKETFIELD WAY DEVELOPMENT SITE THE BELFRY HIGH STREET SHOPPING CENTRE ABBEY HOUSE, 25 CLARENDON ROAD, REDHILL, RH1 1QZ SLOUGH A4 CHISWICK 7 M4 1 8/9 15 LONDON A205 WINDSOR HEATHROW A316 13 WIMBLEDON RICHMOND STAINES 1 A329 12 A3 BRACKNELL A24 A23 WEYBRIDGE M3 11 CROYDON 3 EPSOM SUTTON 10 WOKING M25 9 A217 9 7 A322 A320 A3 LEATHERHEAD 7 8 A246 DORKING REIGATEREDHILL GUILDFORD A25 A217 M23 4 A23 HORSHAM A29 GATWICK 9 SLOUGH LOCATION A4 DEMOGRAPHICS CHISWICK SLOUGH A3 A24 7 M4 1 A4 CHISWICK CRAWLEY Redhill is an established south east office market, in close proximity 8/9 15 LONDON Redhill is situated within the Reigate & Banstead Council area and has a to Central London, Gatwick Airport and the M25, M23, M3 and M4 7 M4 population in order of 137,800. The borough has the largest population of all 8/ A205 15 1 WINDSOR 9 LONDON motorways. Redhill is situated approximately 20 miles to the south of A316 of the Surrey districts. There is a strong supply of employment talent with a low Central London, 7 miles north of Gatwick Airport and 10 miles north of HEATHROW unemployment rate of 0.5%, compared to a national average of 4.7%, (Office 13 WIMBLEDON A205 WINDSOR 3 Crawley. 1 RICHMOND for National Statistics). STAINES HEATHROW A316 CENTRAL LONDON A329 A2 The main sector of employment within the town is the Finance and Business 12 A3 13 WIMBLEDON E BRACKNELL A24 A23 Service Sector, which account for close to 40% of jobs in the area. This can AN RICHMOND L OAD WEYBRIDGE 1 D LONDON SITUATION ANE R STAINES D SHILL IE M3 be seen in the types of occupiers attracted to the town including Willis Towers LA F 11 A329 CROYDON NE K 30 MINUTES Abbey House occupies a prominent corner position on Clarendon Road Watson, AXA Assistance UK Limited, Lombard Finance Group, Santander N 3 I L DON within the town’s prime office core directly opposite a 200 space multi EPSOM SUTTON 12 and AON Risk Services. These companies benefit from the strong labour pool A3 A23 N storey car park. The property is within a short walk of the Belfry Shopping 10 BRACKNELL and the excellent connectivity by railA24 to the City of London, Europe’s main D WOKING M25 9 WEYBRIDGE LO A Centre, the towns main pedestrianised retail pitch and Redhill Railway A217 financial centre. O 9 7 R M3 GLOU Station. A322 CROYDON CEST E A320 11 TREET ER R K A3 HS OAD O LEATHERHEAD NORT R 3 7 B 8 WA D SUTTON A A246 EPSOM P L REDHILL RWICK R DORKING REIGATE REDHILL COMMUNICATION SLOUGH IN A25 10 A4 CHISWICK C GUILDFORD WOKING M25 9 E The town benefits from excellent road communications, being located A217 M23 7 S 8 A217 M4 15 1 S / LONDON ROAD 2 miles to the south of Junction 8 of the M25 motorway, while also A23 9 9 7 A322 E W HORSHAM N A205 A benefitting from access to the M23 through junction 8 and the A24 both A29 A320 LA A3 WINDSOR D Y GATWICK 9 LEATHERHEAD A316 L within 10 miles. Central London and major surrounding towns including A 7 HEATHROW IE Y 2 A3 8 F WA A24 S 3 Reigate, Leatherhead and Croydon are all easily accessible. CRAWLEY A246 13 WIMBLEDONK EN RICHMOND E 1 IN U QUADRANT DORKING REIGATEREDHILL STAINES L Q Redhill Railway Station provides regular train services to both London A329 SHOPPING BUS and the wider south east. The station benefits from an extremely regular 3 STATION CENTRAL LONDON GUILDFORD A25 12 CENTRE A2 A3 BRACKNELL A24 A23 25 D OAD A service with up to 8 trains per hour to either London Victoria or London E A217 M23 STATION R STATION ROAD AN S L OA WEYBRIDGE ANE D LONDON T M D SHILL IE Bridge in journey time of approximately 30 mins. LAN F E K 30 MINUTES M3 A23 REDHILL N I 11 CROYDON L DONR AT ST ABBEY HOUSE N BELFRY ATI Redhill is located 7 miles to the north Gatwick Airport, Europe’s 8th D HORSHAM 3 T LO ON A O SUTTON E HEWS SHOPPING R R A29 EPSOM NU GLOU AVE O busiest airport, handling over 45 million passengers per year and flying CEST E AX A TREET ER R K GATWICK RF HS OAD O 9 FAI D NORT R CENTRE Y B 10 WA D REIGATE & M25 to 228 destinations. Heathrow Airport, the busiest airport in Europe is A M25 A P L WOKING 9 RWICK R A217 R IA3N W also located 32 miles to the south east, which handles over 70 million C A24 9 7 D HIGH STREET E CRAWLEY D S A322 S . C passengers per year and providing services to 185 destinations around ROAD A320 B CL ROMWEL E W AX D R N A3 N H D A A LA LEATHERHEAD TE Y LL the world. D 7 RA O U L H NTING R A D IE 8 VE O F AY 2 N E W N T 3 S R K EN A246 U E E D D S IN U QUADRANT 3 L Q DORKING REDHILL S SHOPPING BUS REIGATE STATION CENTRAL LONDON H T CENTRE A2 ON 25 MARKETFIEL TATION ROAD A STATION ROAD A25 IG S S D GUILDFORD T M REDHILL E H AN A217 M23 E AT S L OA BELFRY TATI D LONDON D T DANES ON C HIL E E HAPE R HI HEWS L I L VENUE SHOPPING LA RO F A23 A E RFAX NE A K 30 MINUTES FAI D CENTRE Y L REIGATE & M25 N R A I HORSHAM L L DONR R W T D HIGH STREET A29 D N S CL. CROMW BAX D EL R D GATWICK 9 T AN H D ERA OLL U LO A VE H NTINGD R O O DT N E N T U R E D D R S G A3 G S LOUC A24 R H T EST E CRAWLEY OV ON TREET ER I MARKETFIEL R K EH IG HS OAD O NORT F H IL E R L 3 B K ROAD C D WA E HAPEL R HI D E A L L N R P L I A2 T RWICK R S IN LEL C 3 DT CENTRAL LONDON G E ROV S A2 I EH S D F IL ROAD L 3 K ROAD NE N A W OA I L A2 E D LONDON LEL ANE N D SHILL IE LA ALAN F Y E K 30 MINUTES D N L I ON ROAD L DONR IE A N Y 2 F WA ON ROAD D S 3 K N GATWICK & M23M25 J6 E LO E A GATWICK & M23M25 J6 O IN U QUADRANT R L Q GLOU CEST E BRIGHT BUS TREET ER R K SHOPPING HS OAD O BRIGHT NORT R STATION B WA D CENTRE A P L AD A25 R TATION RO STATION ROAD RWICK S S IN T M C REDHILL E S S AT S BELFRY TATI ROAD E W T N ON UE HEWS SHOPPING LA R A N Y AVE D O RFAX L A FAI D A CENTRE Y IE Y 2 REIGATE & M25 F WA A S 3 K EN R W E ABBEY HOUSE, 25 CLARENDONIN ROAD, REDHILL, RH1 1QZU QUADRANT HIGH STREET D L Q D BUS L. CRO SHOPPING BAX D C MWEL R STATION T AN H D CENTRE ERA OLL U ROAD A25 TATION NTI R STATION S ROAD VE H NGDO S N E T M N T U R REDHILL E D D S AT ST S BELFRY ATI H T T ON ON NUE HEWS SHOPPING R MARKETFIEL AVE O IG RFAX A FAI CENTRE D H Y REIGATE & M25 E A C D R W E H HI APEL R D HIGH STREET D E .
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