High Street, Reigate

£28,500 PA To Let

Property Description

  • Central High Street Location
  • Charming Grade II listed period building with benefit of exposed beams and character features
  • 463 square foot of ground floor retail space
  • Separate barn storage to rear
  • Suits a variety of retail/boutique uses

LOCATION

The premises are set in a prime position in the centre of Reigate High Street on the southern side of the street. Traders in the immediate vicinity include Marks & Spencer food store adjacent, Crew Clothing, Monsoon, Mint Velvet, and many other small individual retailers plus ASK, Carluccio’s just a few doors away.

 

DESCRIPTION

The accommodation comprises a ground floor retail unit with separate rear barn as storage/WC facility with sink and tea point, currently trading as a homewares shop. The traditional timber shop front and quaint old building adds to the street appeal.

 

ACCOMMODATION

 

Internal width

18’3”

(5.56m)

Overall depth

22’11”

(6.99m)

 

 

 

Ground Floor Sales Area 463sq ft (43m2)

 

 

 

 

Rear barn storage is approx 20’ x 16’9” with WC facilities internally

 

LEASE TERMS

The premises are available by way of an

assignment of the existing full repairing and insuring lease granted for a term of ten years from 7.8.14 at the passing rent of £28,500 pa (following recent review). Alternatively, the Landlord may agree to offer a new full repairing and insuring lease on market terms and a rent review pattern to be agreed. The current lease includes a Tenant break provision at 7.8.21

 

RENT

Assignment on the passing rent of £28,500 per annum exclusive of rates and services subject to contract. 

VAT

The premises are not elected for VAT.

RATES

We are informed by Reigate & Banstead Borough Council that the property is assessed for rating purposes as follows:

Rateable Value: £13,000

 

USE

The premises falls under the commercial use class A1 (retail).

 

LEGAL COSTS

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

 

EPC

An EPC is not applicable as the property is Grade II listed.

 

VIEWING 

Strictly by prior appointment only through:

 

Steven J LaneFNAEA MICBA MARLA

ROBINSONS with Martin-Brown

01737 229200

www.robinsonsmb.com

 

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