Telephone Kiosk, Old Town Hall Arches High Street, Reigate, Surrey, RH2 9AA

Description

A Grade II Listed Telephone Kiosk. Potential for a Variety of Uses (Subject to Obtaining all Relevant Consents). The property comprises of a Grade II Listed telephone kiosk. An historic listed "K6" red phone box or “Jubilee” kiosk, commemorating the Silver Jubilee of the coronation of King George V. These boxes are 8'3" high and 3ft square and originally designed by Sir Giles Gilbert Scott. The kiosk is a heritage site and registered as a Listed Building, so cannot be removed or the exterior altered.

Location

The kiosk is centrally located on Reigate High Street, close to a variety of local shops and amenities. Reigate is a bustling commuter town, with transport links provided by Reigate rail station and the M25.

Tenure / Property Information

Investment Analysis

The £5,000+ guide is the only supplied acquisition indicator. The Land Registry comparables are materially different properties, including flats, larger high-street properties and unspecified “Other” assets, so they do not support a reliable GDV for this individual kiosk. No rental evidence, tenure, lease, occupancy, accommodation schedule or formal valuation is supplied.

Investment Snapshot

Strategy Recommendation

Treat as a specialist commercial/heritage opportunity only. Do not rely on residential, rental or resale assumptions; obtain and review the legal pack, title, covenants, consents and permitted-use position before bidding.

Works Required

No specific works are evidenced. Any proposed use would be subject to all relevant consents. The Grade II Listed status means the kiosk cannot be removed or its exterior altered, so prospective works and signage should be treated as consent-dependent.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. GDV, rent, refurbishment costs, tenure and refinanceability are unknown. The known minimum guide plus administration charge is £6,800 before any disbursements or other costs, assuming purchase at the £5,000 guide and no buyer premium; this is not a full project cost.

Buy-to-Let Analysis

BTL cannot be assessed because no sufficiently specific rental comparable, auctioneer rent estimate, accommodation schedule or residential use evidence is supplied. The asset is described as a retail property and potential uses are subject to consent.

Flip Analysis

A flip surplus cannot be calculated because no supported GDV, works allowance or selling-cost allowance is provided. The supplied comparables are not sufficiently similar to establish resale value for the kiosk.

Investor Risks & Due Diligence

• Grade II Listed status restricts removal and exterior alteration.

• Any proposed use is subject to obtaining all relevant consents.

• No tenure, lease, occupancy or title information is supplied.

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• The £1,800 administration charge is payable, with possible additional legal-pack disbursements.

• The available sold comparables are materially different property types and sizes, preventing a reliable kiosk valuation.

Recommendation

Treat as a specialist commercial/heritage opportunity only. Do not rely on residential, rental or resale assumptions; obtain and review the legal pack, title, covenants, consents and permitted-use position before bidding.

Strategy Rating

Analysis Confidence

Only the guide, administration charge, description and broad location are supplied. Key underwriting inputs—tenure, lease, occupancy, permitted use, costs, condition, rent and comparable evidence—are absent.