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The premises are situated on a prominent corner on the junction of Effingham Road and 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 individual traders.The premises were part of the South Surburban Co-Op in the late 1960’s and the Landlord wishes the Tenant to operate in the grocery sector to compliment the parade. 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.
Occupied as a bicycle showroom/destination café the shop offers a dual aspect retail space with substantial useable basement space. The shop is formed by linking the adjoining unit and benefits from a disabled access ramp directly into the retail area. There is an historical external delivery access to the basement that could be reinstated by the Landlord if required, basement safe and two off road car parking spaces can be provided. THIS UNIT COULD SUIT CONVENIENCE STORE OR VARIETY OF USES UNDER THE EXISTING USE CLASSES. There is a restriction not to trade as health and beauty or barbers shop so to not compete with the Landlords other neighbouring Tenants businesses.
Approx. dimensions as follows: -
Retail depth 33’3” (10.18m)
Retail space 1338 sq ft (124.31m2)
Basement total 1126 sq ft (104.61m2)
Net Internal Area Approx. 1338 sq ft IN TOTAL (124.31m2)
£ 55,000 per annum exclusive plus service charge provision
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. The Tenant remains responsible for internal repairs, the shopfront, services, windows and doors.
The VOA website lists the property as having the following rateable value:
No.31 - £16,500
No.33 - £7,800
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.
Each party to be responsible for their own legal costs in the transaction.
Strictly by prior appointment only through sole agents:
ROBINSONS - Sole Agents