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Guide Price£150,000

73 Canalside, Redhill, South East, RH1

Key Features

  • Freehold development opportunity and ground rent investment
  • Planning permission granted for two additional floors
  • Accommodation to include six new residential dwellings
  • Ground rent secured against 19 flats and a Tesco Express supermarket
  • Held on two separate 999 year leases as a peppercorn
  • On the instructions of the Joint LPA Receivers
  • Online Auction on Thursday, 17 September 2026

Description

A modern four storey building arranged as a ground floor supermarket and 19 flats arranged over first, second and third floors. Externally there are a number of parking spaces included within the title (refer to legal pack).

The building benefits from planning permission for an additional two storeys to provide a further six flats totalling approximately 4,357 sq ft. Prospective purchasers are to rely on their own enquiries in this regard.


Location:

Redhill lies approximately 20 miles south of Central London and 12 miles north of Crawley and can be accessed via the A23 (London/Brighton Road) and the A25 (Nutfield Road). It is situated just to the south of the M25 motorway and just to the west of the M23 motorway, which can be accessed via junctions 6/7 and 8/9 respectively. Redhill railway station provides regional rail services as well as regular direct services to London Victoria, London Bridge and Brighton as well as direct services to London Gatwick Airport, which lies approximately 8 miles south of the town. Addironally numerous bus routes serve the area.

Canalside lies approximately 1.5 miles north east of the town centre running east from Trowers Way in an area that has seen much development in recent years. The property lies on the north side of the road in a mainly residential location.


Tenancy:

The ground and upper floors are sold off on 999 year leases from April 2022 at a peppercorn (refer to the legal pack for copies of the head leases).


Online Auction on Thursday, 17 September 2026. For further information, such as legal documents and property information, please visit bidx1.com.

Map Location

Property details

Tenure
Freehold
Council Tax Band
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Date Posted
2026-08-25

Utilities & Restrictions

Utilities

Electricity
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Water
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Heating
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Broadband
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Sewerage
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Rights & Restrictions

Public Rights of Way
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Private Rights of Way
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Listed Property
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Restrictions
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Listed status, conservation areas and planning constraints for this location are in the full report.

Property Features

Accessibility
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Parking
Parking Available
Garden
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Beyond the particulars: planning activity, flood history, heritage and ground risks, checked for this exact spot.

Connectivity

Broadband

Fastest speed available at this postcode

1.8 Gbps

Gigabit full fibre · available to 37% of premises

Suitable for

  • 4K streaming on every screen
  • Full-time home working
  • Online gaming & big downloads

Mobile signal

CallsDataEE Good GoodO2 Good GoodThree Good GoodVodafone Good Good

Outdoor predictions; indoor signal depends on building materials.

Ofcom Connected Nations postcode-level predictions. Speeds and signal are modelled, not measured, and vary between addresses and providers.

Signal is the easy part. Planning activity, flood history and protected designations here are in the full report.

Nearest Schools

Primary

  • Lime Tree Primary School and Nursery626 metresOfsted: Outstanding
    Ages
    2 to 11
    Pupils
    445
    Type
    Academy sponsor led
  • Merstham Primary School0.7 milesOfsted: Good
    Ages
    2 to 11
    Pupils
    236
    Type
    Academy converter
  • Furzefield Primary Academy0.9 milesOfsted: Good
    Ages
    3 to 11
    Pupils
    403
    Type
    Academy converter
  • St Matthew's CofE Primary School0.9 milesOfsted: Good
    Ages
    3 to 11
    Pupils
    363
    Type
    Academy sponsor led
    Faith
    Church of England
  • Royal Alexandra and Albert School1.1 milesOfsted: Good
    Ages
    7 to 18
    Pupils
    984
    Type
    Voluntary aided school

Secondary

  • Merstham Park School976 metresOfsted: Good
    Ages
    11 to 16
    Pupils
    711
    Type
    Free schools
  • Carrington School0.7 milesOfsted: Good
    Ages
    11 to 16
    Pupils
    1,012
    Type
    Academy converter
  • St Bede's School1 mileNo Ofsted rating
    Ages
    11 to 18
    Pupils
    1,918
    Type
    Voluntary aided school
    Faith
    Church of England/Roman Catholic
  • Royal Alexandra and Albert School1.1 milesOfsted: Good
    Ages
    7 to 18
    Pupils
    984
    Type
    Voluntary aided school
  • Reigate School2.6 milesOfsted: Good
    Ages
    11 to 16
    Pupils
    1,252
    Type
    Academy converter

Distances are straight-line from the advertised location. Source: the national school registers (DfE, Welsh Government, Scottish Government) and Ofsted.

Schools are just the start: sold prices nearby, planning activity and any flood history are in the full report.

Amenities

Supermarket

Tesco Redhill Surrey Express, Redhill34 metres
Co-op Merstham - Portland Drive, Redhill0.7 miles
Sainsburys Redhill, Redhill0.9 miles

GP surgery

Holmhurst Medical Centre76 metres

Pharmacy

Kamsons Pharmacy76 metres

Hospital

East Surrey Hospital2.3 miles

Green space

Play Space180 metres

Walking trail

North Downs Way0.9 miles

Straight-line distances from the advertised location. Sources: NHS records, Geolytix supermarket locations, OS Open Greenspace and the national trails registers.

The area stacks up? Now check the location itself: planning nearby, protected designations and past flooding.

Getting Around

Nearest station

Merstham Rail Station0.9 miles

Nearest bus stop

Watercolour Canalside9 metres

Typical drive times

Horley16 min · 6.4 miles
Redhill4 min · 1.3 miles
Reigate8 min · 2.9 miles
Caterham12 min · 5.8 miles
City of Westminster (city)56 min · 20 miles

Straight-line distances from the advertised location; drive times are typical free-flow times over OpenStreetMap road data, so allow more at peak. Public transport locations from DfT NaPTAN.

Easy to reach matters. So do planning activity, flood history and ground risks: all in the full report.

Flood Risk

From Environment Agency flood map open data, checked around the advertised map pin and allowing for the listed acreage where known. This summary comes from LandSale, the advertising platform, not from the listing agent, and is not part of the agent's particulars. Risk can vary across a single holding, so verify anything critical through your own searches before committing.

Rivers and the sea

Flood Zone 3Higher risk

Surface water

Outside the mapped risk bandsVery low risk

The detail behind these bandings

The full report pinpoints where this location sits on the flood maps, and runs the deeper checks that usually only surface after an offer.

  • Exact flood zones & annual chances (included in the full report)
  • Any recorded past flooding (included in the full report)
  • Planning activity nearby (included in the full report)
  • Heritage & conservation (included in the full report)
  • Protected nature designations (included in the full report)
  • Ground risks (included in the full report)
  • Sold prices nearby (included in the full report)

£14.99 · one-off purchase

By LandSale, the platform. Not provided by the listing agent. Ready in about a minute.

Important notice: Information, maps and tags on this page are drawn from the advertising agent's marketing materials or generated automatically. LandSale has not verified them. Relying on these details is at your own risk, always carry out independent checks before committing to a purchase.

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BidX1 UK, Henry Wood House, 4-5 Langham Place, London, W1B 3DG

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