High Street, Reigate

£925,000 For Sale

Property Description

  • Character double shop front in prime position
  • Adjacent to Lloyds Bank, Café Rouge and Café Nero
  • Currently let to County Clothes on 20 year FR&I lease
  • Large apartment forms the upper parts (currently vacant)

DESCRIPTION

 

The premises, comprising of a prominent double fronted traditional market town retail unit  with self contained split level 2 bedroom apartment forming the upper parts. Situated on Market Square in the heart of the town with Lloyds Bank and Café Nero adjacent and a mix of multiple and independent traders and restaurants including Café Rouge and Pizza Express in the immediate vicinity.

Ground floor shop and basement

 

Approx measurements of 6 High Street are as follows:-

 

Gross frontage

27’7

7.48m

Internal width

22’5

6.84m

Built depth

60’0

18.29m

 

 

 

Plus two small storage rooms

53 sq ft

16.15m

Kitchen

89 sq ft

27.13

WC

 

 

Basement storage min

337 sq ft

31.31m

 

 

 

Approx Retail Area 1104 sq ft (336.5m2)

 

 

Self contained flat forming the upper parts

 

The flat is arranged as a two bedroom self contained split level apartment offered in modern presentation with many character features and spacious rooms with pedestrian access from the rear. The accommodation comprises large living room, spacious ‘eat-in’ kitchen, utility room, two bedrooms, and two bathrooms (one en suite).

 

TENANCIES

 

The ground floor shop and basement - 6 High Street is currently let to County Clothes LLP for a 20 year unbroken term commencing 03.12.14 at a current rent of £37,500 per annum. The lease is on an effective full repairing and insuring terms with five yearly upward only rent reviews.

 

The self contained split level flat - 6a High Street is currently vacant but was previously let to December 2016 at a rent of £1100 pcm.

 

 

TERMS

 

Offers in the region of £ 925,000 for the freehold interest and subject to the existing tenancies, subject to contract.

 

VAT

 

We are advised that the premises is elected for VATand therefore VAT will be applied to the purchase price.

 

RATES

 

From Internet enquiries only, the business rates are as follows:-

The shop and basement from 2010 Rateable Value £34,250

The flat is listed as Council Tax Band D

Interested parties should verify this information and any transitional adjustments prior to entering into any contract.

 

 

LEGAL COSTS

 

Each party to bear their own legal costs in the transaction.

 

EPC

 

The commercial property – 6 High Street has a rating of C (67).

The residential flat – 6a High Street has a rating of D (61)

 

VIEWING 

 

Viewing shall be by prior appointment only through:

 

JOINT SOLE AGENTS

 

Robinsons with Martin-Brown                                       Crow Watkin

Telephone 01737 229200                                                 Telephone 01737 245886

 

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