CLASS E PREMISES IN REIGATE – APPROX 7650 SQ FT – UPPER FLOORS ABOVE M&S FOODHALL
The premises occupy a premier position in the middle of Reigate High Street above M&S Foodhall and close to various multiple retailers including Boots The Chemists. Pedestrian access to the Morrisons in town store with 390 surface parking spaces is a short distance to the east. The Upper West Street public car park is about 100 yards to the west of the property. Access onto the M25 at the top of Reigate Hill is about two miles (junction 8). Gatwick Airport is some six miles to the south.
Approached from a street entrance door alongside M&S Foodhall, the premises comprise first and second floor accommodation built as offices and used for the last ten years as a gym/fitness studio. The class E user permits offices, retail, restaurant, day nursery and leisure. Gym use would appear most appropriate as the premises have been adapted for this purpose with good headroom and natural light from a large number of windows on both floors, existing floor coverings, air conditioning and separate male & female changing rooms on the second floor.
ACCOMMODATION (all measurements approximate)
Street entrance door & staircase.
Landing off which male WCs
Gym area: 63’6” internal width – currently partitioned – including kitchen –
narrowing in centre and widening to 40’ at the rear. Overall internal depth
about 103’. Rear fire escape staircase.
4381 sq ft
Landing off which female WCs.
Gym area: 63’6” internal width and about 103’ internal depth.
Partitioned eaves storage & boiler room at front.
Separate mens & ladies changing rooms with lockers and tiled showers.
Partitioned offices at rear & views at rear over Priory Park.
3262 sq ft
TOTAL NET INTERNAL FLOOR AREA 7643 sq ft (710.31m²)
• Intercom system
• AC units for heating/cooling
• Fitted & equipped changing rooms
• CCTV & fire equipment
• Floor coverings for gym use
• EPC Band C
• Three reserved car spaces in undercroft area.
RV £63,500 UBR 51.2p in the £ 2022/2023.
Reigate & Banstead Borough Council Tel: 01737 276691.
The class E use introduced by government in 2020 includes gyms/fitness studios, offices, retail, restaurants and day nurseries.
A new 15 year lease inside the Landlord & Tenant Act 1954 with 5 yearly upward only reviews on FRI terms by way of service charge. NB Interested gym operators will be expected to put forward a business plan including turnover projections, financial background, experience, proposed capital investment and references.
£110,000 per annum exclusive + VAT.
Each side to be responsible for its own legal costs in the transaction.
By prior appointment with our office. Tel: 01737 245886 (9.00am – 1.00pm) Ref MS