Character lock-up shop in Reigate town centre

Character lock-up shop in Reigate town centre

LOCATION

The premises are situated in a prominent town centre trading location just before the town centre traffic lights and Market Hall building (see plan overleaf). The Bancroft Road multi-storey car park is nearby and Morrisons town centre store and 390 space car park is within a short walk on the opposite side of Bell Street.

Reigate town centre is a designated conservation area with an attractive mix of private retailers, multiple shops and restaurants. Waterstones and Oliver Bonas have recently opened opposite the premises; Laura Ashley, WH Smith, Dreams, Martins and Fat Face have nearby stores; casual dining outlets include Bills, Wagamama’s, Café Rouge and Pizza Express.

DESCRIPTION

The premises comprise a ground floor lock-up shop with basement in a three-storey Grade II listed period building with offices on upper floors. There is no rear access nor on-site parking. The shop has a deep front bay window, beamed ceiling with spotlights, ceiling fan and 8’ 4” headroom, woodstrip floors, fitted counter/display, storage area with doors to cellar and cloakroom, and fitted kitchen at rear. The premises have operated as a café (A1 retail use) for many years.

ACCOMMODATION

All measurements approximate, the accommodation is arranged as follows:

Shop: 13’ 3” x 25’ 7” including counter
310’
Storage:
17’ 4” x 3’ 2” with steps to: 55’
Kitchen/preparation:
10’ 5” x 15’ 2” 151’
NET INTERNAL AREA 516’ (47.94 m²)

Basement: Max 14’ 5” x 11’ 6” 148’

RATING

RV £12,000 UBR 50.4p in the £ 2019/2020.
Reigate & Banstead Borough Council Tel: 01737 276 691.

LEASE TERMS

The premises are available on a new 10-year lease with rent review at the end of year five inside the Landlord & Tenant Act 1954. There will be a capped service charge contribution of £1,000 per annum + VAT towards repairs and maintenance costs of the building.

EPC
The property as a grade II listed building is exempt from the requirement for an energy performance certificate.

LEGAL COSTS

Each side to be responsible for its own legal costs in the preparation of a lease agreement.

RENT

£19,750 PER ANNUM EXCLUSIVE

VIEWING

By prior appointment with our office. Tel: 01737 245886 (ref MS).

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