73 High Street, Reigate, Surrey RH2 9AE – LEASE FOR ASSIGNMENT OR SUBLET
The property is located on the south side of Reigate High Street at its western end and close to Marks & Spencer Food Store, Morrisons Supermarket and Priory Park (see plan overleaf). The premises are about 600 yards from Reigate station, within 100 yards of the Nutley Lane public car park, and about 2 miles from access onto the M25 at the top of Reigate Hill (Junction 8). Gatwick Airport is about 7 miles to the south.
The premises (currently That Qwerky Place, sale of vintage furniture) comprise a ground floor lock up shop in a 3 storey mid terrace building of rendered brick construction under a pitch tiled roof. The upper maisonette at 73a has been sold off on long lease and has separate access from the rear service road off Park Lane. The shop is well presented with full height window display and air conditioning cooler/heater in the main retail area. The EPC rating is band C. Main services other than gas are connected. There is no parking with the premises but the Nutley Lane car park is a short distance to the north.
The accommodation is arranged as follows, all measurements approximate:-
Front Shop: 14’4” x 32’ 4”
Full height window display. Full ceiling with
inset lighting, AC unit and headroom approx. 8ft 463 sq ft
Back shop area: 6’4” x 10’8” with under stairs cupboard widening
To 8’11” x 8’10” with fire exit door 153 sq ft
Rear lobby with door to cloakroom & separate WC at rear and door to:
Rear office/showroom: 5’8” x 9’ 51 sq ft
Total: 667 sq ft
NET INTERNAL AREA 667 SQ FT (62.22 m²)
RV £14,250 UBR 51.2p in the £ 2022/2023
Reigate & Banstead Borough Council Tel: 01737 276691.
NB The premises may qualify for small business rates relief and the local authority will be able to advise individual applicants.
FRI lease until April 2029 with rent review and tenant only break clause in April 2024 inside the Landlord and Tenant Act 1954 at £17,000 per annum for assignment, or initial sublet until April 2024 at £18,500 per annum with prospect of lease extension thereafter.
Under the Class E category introduced in September 2020 the premises may be used for retail, offices, café, medical/health and day nursery.
Each side to be responsible for its own legal costs in the transaction.
By prior appointment with our office. Tel: 01737 245886 (ref MS)