DOUBLE TOWN CENTRE SHOP UNIT TO LET – SALES AREA APPROX 2301 SQ FT ON 2 FLOORS – RENT: £32,500 PER ANNUM EXCLUSIVE ON NEW LEASE

Under offer
DOUBLE TOWN CENTRE SHOP UNIT TO LET – SALES AREA APPROX 2301 SQ FT ON 2 FLOORS – RENT: £32,500 PER ANNUM EXCLUSIVE ON NEW LEASE

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The premises occupy a prominent location at the entrance to Reigate town centre on the one-way traffic system (A25). The town’s multi-storey car park in Bancroft Road is to the rear of the premises. The Morrisons in-town store, banks, restaurants and Priory Park are all within a few minutes walk.

DESCRIPTION

The premises comprise a double width ground floor shop with internal frontage of about 35ft and depth of about 37’10”. There is an internal staircase to a lower ground floor retail showroom which has head room of nearly 9ft and two picture windows. The unit is part of a four storey 1960s development with car park accessed from a service road St Lawrences Way approached off Bancroft Road.

ACCOMMODATION

The accommodation is arranged as follows, all measurements approximate:

Ground Floor Retail: 35’ x 37’10”. Two plate glass 1228 sq ft
shop windows and central door.
Headroom: 8’4”. Rear WC.

Internal staircase to lower level

Lower level Showroom: 35’ x 38’6” max. Two picture
windows at rear. Two WCs. 1073 sq ft
Door to rear yard.

NET INTERNAL AREA 2301 sq ft (213.77m²)

Parking in rear yard for three vehicles in front of lower showroom.

RATING

RV £23,750 UBR 51.2p in the £ 2021/2022.
Reigate & Banstead Borough Council Tel: 01737 276691 (commercial rates).

PLANNING

The premises have a class E user but the freeholders would not wish the premises used for restaurant purposes. The property is unlisted but does lie within the town centre conservation area.

LEASE TERMS

The premises are available on a new 10 year lease inside the Landlord & Tenant Act 1954 with rent review and tenant break clause at the end of year 5. An initial rent free period will be available. The lessee will be responsible for repair and decoration of the interior, shop front and rear windows and doors. There is an annual service charge towards upkeep of the building, yard, refuse collection and fire alarm maintenance (approx. £1,000 per annum) and this includes a contribution towards buildings insurance.

RENT

£32,500 per annum exclusive.

LEGAL COSTS

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

VIEWING

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

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