First Floor Office Suite (approx 737 sq ft) To Let On New Lease

New
First Floor Office Suite (approx 737 sq ft) To Let On New Lease

LOCATION

The Old Wheel House, a 1973 development of shops and offices, is on the northern side of Church Street at the entry to the town centre on the one way system. The town’s multi-storey car park backs on to the opposite side of the street and the Morrisons in-town store and High Street shops are within a short walk. Access on the M25 at the top of Reigate Hill (Junction 8) is about two miles to the north and Gatwick Airport is some seven miles to the south. Reigate has a number of major office occupiers and the town centre is an attractive environment with a range of good restaurants including nearby Bills and Wagamamas and close to Priory Park.

DESCRIPTION

The suite comprises part of purpose-built offices with rear balcony in a three-storey tile hung building. The firm of solicitors which currently occupy the whole of the premises are reducing their floor area and will be partitioning where shown on the plan. The suite is approached from a street entrance door and staircase shared with the other office occupiers. The carpark at the rear of the building is currently fully allocated so there is no parking with the premises. The nearest contract parking is in the town’s multi-storey car park nearby.

ACCOMMODATION

All measurements are approximate:-

The suite comprises partitioned hall, main open plan office max. 16’1” x 32’10” (514ft2), rear office 12’9” x 7’6” (96ft2), two separate toilets and a kitchenette of about 25ft2. Amenities include gas central heating, entry phone system, sliding doors to balcony and carpeting.

NET FLOOR AREA APPROX 737 SQ FT (68.5M²)

RATING

Estimated £5,200 p.a payable based on 61.4% of floor area for entire suite of RV £16,500 with current UBR of 50.4p in the £ for 2019/2020

Reigate & Banstead Borough Council Tel: 01737 276691.

LEASE TERMS

A new five year lease by arrangement.

SERVICE CHARGE

A separate service charge will be levied to cover the maintenance and repair of the building and services, the upkeep of the staircase, the provision of central heating and the cost of buildings insurance. The estimated cost based on last year’s expenditure will be about £3,750 pa payable quarterly in advance with rent. The cost of electricity will be split with the solicitors.

LEGAL COSTS

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

RENT

£8,500 per annum exclusive (£11.63 per/ft2). VAT will not be applied to the rent.

EPC

The rear first floor offices have an energy performance rating of C.

VIEWING

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

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