Lesbourne Road, Reigate

£19,750 PA Let Agreed

Property Description

  • Prominent double fronted traditional shop unit within this thriving locality
  • Retail area of 316 sq ft plus 128 sq ft stores
  • Landlord to offer 3 months rent free and £1000 towards shopfront decoration
  • Rare opportunity in sought after vibrant Lesbourne Road ‘village’ area
  • Will suit a variety of retail uses

LOCATION

The premises are situated on Lesbourne Road just to the south of Reigate town centre in a busy and popular neighbourhood parade in an area renowned for a variety of good quality independent traders.Lesbourne Road forms a busy and important through route connection (B2034) between Reigate and Redhill towns. The main town centre is within 10 mins walk.  Junction 8 of the M25 is approximately 2 miles at Reigate Hill and Gatwick Airport approximately 8 miles to the south.

DESCRIPTION

Occupied previously by a florist who traded successfully for 30 years. The shop offers good retail space to the front with stores and separate WC to the rear. One car parking space is offered for a car or small van.

 

Approx. dimensions as follows: -

 

Retail area                 316 sq ft (29.38m2)

Rear store                 127 sq ft (11.86m2)

 

Net Internal Area Approx. 443 sq ft (41.24m2)

 

RENT    

£ 19,750 per annum

 

LEASE TERMS

The premises is offered by way of a new lease for a term and rent review pattern to be agreed. The landlord has historically levied a 10% Building Fund surcharge in lieu of FR&I responsibilities where this fund covers the roof, main structure, drains, gutters and rainwater pipes, common spaces, car park, external decorations other than shopfront. This arrangement removes FR&I costs and liabilities The Tenant remains responsible for internal repairs, the shopfront, services, windows and doors. This sum is included within the quoted rent.

 

EXCLUDED USES

Our Client owns neighbouring units and for the benefit of the parade wishes this unit to remain in retail use. Due to existing businesses nearby we cannot invite interest for Hair and Beauty, nail salon and barber shop.

 

BUSINESS RATES

The Valuation Office Agency website lists the premises as having a rateable value of £6,800.

 

VAT

We do not believe that the premises are elected for VAT All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.

 

LEGAL COSTS

Each party to be responsible for their own legal costs in the transaction.

 

EPC

A new EPC has been instructed and we await the result.

 

VIEWING

Strictly by prior appointment only through sole agents:

ROBINSONS - Sole Agents

01737 229200

www.robinsonsmb.com

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