CLASS E SHOP PREMISES ~ REAR PARKING FOR 3 CARS ~ TO LET ON NEW LEASE ~ £49,500 PER ANNUM

LOCATION

The premises are located on the south side of the High Street opposite the town centre traffic lights close to multiple retailers including WH Smith, Sweaty Betty, Mountain Warehouse, Pret a Manger, Waterstones and Oliver Bonas. The property backs onto the Morrisons town centre store with 390 parking spaces. Access onto the M25 at the top of Reigate Hill (junction 8) is about 1½ miles by road. Gatwick Airport is some 7 miles to the south.

DESCRIPTION

Arranged over 3 storeys behind a double fronted shop window and with loading bay outside the premises the property comprises a Grade II listed building with beamed interior and has rear access from Bell Street leading to a garage and 2 parking spaces.

ACCOMMODATION

The accommodation is arranged as follows (all measurements approximate):-

Front retail area: 17’10” widening to 23’ x 31’3”. Headroom 12ft plus. – 640 sq ft

Rear retail area: 9’7” x 4’8” down to 18’ x 15’8” including 2 partitioned – 327 sq ft
changing rooms.

Kitchen: 6’2” x 8’9” small yard & WC – 55 sq ft

Basement: 8’ x 16” plus 14’10” x 5’6” – 210 sq ft

First floor: raised balcony/mezzanine with retail areas
10’2” x 6’11” and 19’ x 15’9” with two changing rooms – 369 sq ft

Second floor stores of 483 sq ft plus office 13’8” x 13’3” – 663 sq ft

TOTAL NET AREA about 2264 sq ft (210.33m²)

Brick yard with space for 3 cars
Single storey garage – 16’6” x 11’6”

RATING

Rateable value £41,000. UBR 51.2 p in the £ 2023/2024.
Reigate & Banstead Borough Council Tel: 01737 276691.

PLANNING

The property has class E use which includes retail, restaurant, financial and professional services, clinic & health care.

LEASE

New 10 year FRI lease inside the Landlord & Tenant Act 1954 with 5 year rent review.

RENT

£49,500 per annum exclusive.

LEGAL COSTS

Each party to pay own legal costs in the transaction.

VIEWING

By prior appointment with Crow Watkin. Tel: 01737 245886 (office hours 9am – 1pm)