86 HIGH STREET, REIGATE – LOCK UP SHOP & FLAT TO LET ON NEW LEASE
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The premises are located at the western end of the High Street close to White Stuff, Nationwide B.S, Starbucks, Jo Malone and Holland & Barrett. Marks & Spencer Simply Food and Morrisons Supermarket are nearby on the opposite side of the road. The Nutley Lane public car park is about 150 yds, Reigate Station about 600 yds and access onto the M25 at the top of Reigate Hill about two miles.
A well-presented ground floor lock up with about 16 ft internal frontage and about 75 ft internal depth. The walls have been lined with plasterboard, the shop and changing rooms have parquet flooring, the shop ceiling has inset lighting and two air conditioning units and there is a burglar alarm installed. The counter, shelving, display units and CCTV equipment can be left for incoming tenants if required. There is a fire exit door at the rear but no garden and the area of the demise will be the footprint of the shop.
All measurements approximate, the accommodation comprises:
Retail area: 15’1” x 25’10” – 390’
widening to 17’5” x 24’8” – 430‘
Changing rooms (4): av 12’9” x 7’7” – 96’
Stock room: 13’10” x 15’10” – 220’
Separate WC & fire exit door —–
NET INTERNAL FLOOR AREA 1136 sq ft (105.54m²)
RV £20,250. UBR 51.2p in the £ 2020/2021. Subject to business rates relief as appropriate. Reigate & Banstead Borough Council Tel: 01737 276691 (Commercial Rates department).
A new 10/15 year lease is available with five yearly review of rent inside the Landlord & Tenant Act 1954.
£30,000 per annum exclusive plus contribution to cost of buildings maintenance and insurance.
Each side to be responsible for its own legal costs in the transaction.
By prior appointment with our office. Tel: 01737 245886 (ref MS).