This freehold development and ground-rent investment comprises a modern four-storey building with a ground-floor supermarket and 19 flats above. Planning permission allows two additional floors, with potential for six more residential homes. The listing also notes fire damage to one flat and an ongoing insurance claim, with remedial works to be undertaken by the management company using the claim proceeds.

• Ground-floor supermarket and 19 flats across the first, second and third floors
• Planning permission for six additional apartments: one three-bedroom, three two-bedroom and two one-bedroom homes
• Proposed additional accommodation totals approximately 4,357 sq ft
• Parking spaces are included within the title; refer to the legal pack
• Ground and upper floors are held on separate 999-year leases from April 2022 at peppercorn rent
• Ground rent is secured against 19 flats and a Tesco Express supermarket
• Energy performance details are available in the legal documents

Located in Redhill, the property is approximately 1.5 miles from the town centre, with rail links to London, Brighton and Gatwick Airport. The freehold interest is offered alongside long-leasehold interests at peppercorn rent, so buyers should review the lease documents and legal pack. The permitted extension presents potential to add six dwellings, subject to due diligence, while the fire damage and ongoing insurance claim should be carefully assessed.