High Street, Reigate

£895,000 For Sale

Property Description

  • Character double shop front in prime position
  • Adjacent to Lloyds bank, Café Rouge & Café Nero
  • Currently let to County Clothes on 20 year FR&I lease
  • Large apartment forms upper parts (currently let on AST at £1000pcm

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.

 

Approx. Dimensions of the shop 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

4.94m2

Kitchen

89 sq ft

8.29m2

WC

 

 

Basement storage min

337 sq ft

31.31m2

 

 

 

Approx Retail Area 1104 sq ft (102.89m2)

 

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).

SALE PRICE     

£895,000 + vat for the Freehold interest.

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 let on an AST from September 2018 at a rent of £1000 pcm.

RATES

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

The shop and basement 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.

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

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

Strictly by prior appointment only through joint sole agents:

 

ROBINSONS with Martin-Brown

01737 229200

www.robinsonsmb.com

 

Crow Watkin

01737 245886

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