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READING ARCH ROAD, REDHILL ~ TWO ADJOINING WAREHOUSE/LIGHT INDUSTRIAL BUILDINGS FOR SALE AS ONE LOT ~ LONG LEASEHOLD BUILDING OF 3675 SQ FT AND FREEHOLD BUILDING OF 1686 SQ FT

£895,000
ID-16176 - For Sale
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READING ARCH ROAD, REDHILL ~ TWO ADJOINING WAREHOUSE/LIGHT INDUSTRIAL BUILDINGS FOR SALE AS ONE LOT ~ LONG LEASEHOLD BUILDING OF 3675 SQ FT AND FREEHOLD BUILDING OF 1686 SQ FT

DIRECTIONS

Proceeding southwards out of Redhill town centre under the railway bridge and into Brighton Road (A23), turn left after Hendy Ford into Reading Arch Road and the premises are at the end on the right hand side.

LOCATION

The premises are on the southern fringes of Redhill town centre in a no through road of light industrial premises including Jewson Building Materials and Watling Tyres. The Belfry Shopping Centre and Redhill main line station are within easy walking distance. The councils major new mixed use scheme, Marketfield Way, is scheduled for completion by early 2023. Gatwick Airport is about seven miles to the south and access onto the M25 at the top of Reigate Hill (junction 8) is about three miles by road.

Nos 14-16

The premises comprise a purpose built post war frontage building of two storey brick construction under a metal profile roof. This connects with a warehouse of steel frame construction having pitched roof with translucent panels and profile clad elevations. There is a loading door 9’2” high on the northern elevation and the warehouse eaves height is about 9’10”. The offices have gas central heating and air conditioning and the warehouse has gas fired heating.

ACCOMMODATION (all measurements approximate)

Ground floor offices: reception, gents & ladies WCs, front
office 18’8” x 14’1” & inner staff room of 179 sq ft 665 sq ft

Two rear meeting rooms: 13’1” 13’2” & 13’1” x 17’2” 397 sq ft

Warehouse: overall 41’5” x 48’6” including partitioned
stores & rear lobby 2010 sq ft

First floor offices: 22’6” x 14’1”, 10’ x 7’6” & 10’6” x 14’1” 603 sq ft

GROSS INTERNAL AREA 3675 sq ft (341.41m²)

Six parking spaces in the tarmac forecourt.

RATING

RV £22,500 UBR 51.2p in the £ 2022/2023.

TENURE

The property is a leasehold title from Reigate & Banstead Borough Council having about 39 years unexpired at a ground rent of £6,000 per annum subject to review 10th September 2021. The lease expires on 10th September 2061.

No 18

The premises comprise a 1960s light industrial unit of brick and block construction with double pitch cement profile roof sheets and skylights to the production area and two storey front section under flat felt roofing. There is a wall mounted heater in the workshop and electric storage heating and air conditioning in the first floor offices.

ACCOMMODATION (all measurements approximate)

Reception: 9’5” x 11’8” 110 sq ft
Ground floor works area: 9’4” x 12’2” with 7’6” high
roller shutter door widening to 22’3” x 42’ including
partitioned kitchen and separate gents & ladies WCs.
Separate meter room. Main eaves height about 11ft.
Rear section 42’ x 7’8” with partitioned stores, office &
lobby to rear fire door.
Steps up to archive store 6’5” x 22’3 1331 sq ft
First floor offices: 19’5” x 11’2” with staircase from
reception area. 245 sq ft

GROSS INTERNAL AREA 1686 sq ft (156.63m²)

Off street parking in tandem for four cars in forecourt.

RATING

RV £11,500 UBR 51.2p in the £ 2022/2023.
Reigate & Banstead Borough Council Tel: 01737 276691.

TENURE

Freehold. Vacant possession.

LEGAL COSTS

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

VIEWING

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

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