CROMWELL ROAD, REDHILL – FOUR NEW COMMERCIAL UNITS TO LET – APPROX 4138 SQ FT WITH FOUR PARKING SPACES

CROMWELL ROAD, REDHILL – FOUR NEW COMMERCIAL UNITS TO LET – APPROX 4138 SQ FT WITH FOUR PARKING SPACES

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Cromwell Road is a two way street in Redhill town centre between Station Road and the pedestrianised High Street. It is close to the traffic lights at the rear exit of the Belfry Shopping Centre and has good visibility to traffic from either direction . The local council’s major new mixed use scheme, Marketfield Way, is scheduled for completion later in 2022. This will include 150 new homes and there are other large residential schemes within walking distance, eg Picture House, the Quadrant building close to Redhill Station and Brook Road to the south.

DESCRIPTION

These four ground floor commercial units are part of a new five storey scheme which includes four stories of flats (32 units) with passenger lifts. The ground floor units will have four undercroft parking spaces and will be fitted out to shell with recessed entrances and automatic front doors. The scheme has been designed as one large commercial space but could be sub-divided into a maximum of four units with the following approximate sizes:-

No 16 – 937 sq ft – 87.05m²
No 18 – 1037 sq ft – 96.34m²
No 20 – 919 sq ft – 85.38m²
No 22 – 1245 sq ft – 115.66m²
TOTAL – 4138 sq ft – 384.43m²

PLANNING

Planning permission was granted for this scheme by Reigate & Banstead Borough Council on 6th September 2018 under ref 18/01158/F permitted use of the ground floor space for a variety of purposes including A1 retail, A2 financial and professional services, A3 restaurants, A5 takeaways, D1 medical & health and D2 gyms.

Since the government’s introduction of new use classes in September 2020, class E now embraces a broad range of commercial, business and service activities/purposes including restaurants but excludes takeaways which now classify as sui generis.

Preference will be given to fitness, medical, office & retail users rather than restaurants or takeaways in view of potential issues with opening hours noise & ventilation affection the flats above.

RATING

Rateable Values yet to be assessed.

LEASE TERMS

Ten year lease with five year rent review inside the Landlord & Tenant Act 1954.

LEGAL COSTS

Each side to be responsible for its own legal costs in the transaction.

RENT

£60,000 per annum exclusive.

VIEWING

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

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