High Street, Reigate – Town Centre Investment, shop & upper two storey maisonette
The premises adjoin Carphone Warehouse, Lloyds Bank, Café Nero and Café Rouge in the centre of Reigate next to the Market Hall building. The Bancroft Road multi-storey carpark is nearby at the rear of Church Street and Morrisons town centre store is on the southern side of the High Street. The M25 at the top of Reigate Hill (Junction 8) is about two miles to the north and Gatwick Airport is about seven miles to the south.
The property comprises a three storey building with basement of rendered brick and pitched tile construction. The shop is a double fronted retail unit and the maisonette is a self-contained split level unit with rear door approached from an alleyway between Carphone Warehouse and Lloyds Bank. The property is a Grade II listed building shown in the local authority records as dating from the 18th Century and is in the Reigate Conservation Area.
The accommodation is arranged as follows, all measurements approximate:
Gross frontage 27’7” (7.48m)
Internal width 22’5” (6.84m)
Built depth 60’ (18.29m)
Plus two small storage rooms 53 sq ft (16.15m)
Kitchen 89 sq ft (27.13m)
Basement storage min 337 sq ft (31.31m)
APPROX. RETAIL AREA 337 sq ft (336.5m2)
The flat is arranged as a two bedroom self-contained split level apartment offered in modern presentation with many character features and spacious rooms with pedestrian access to the rear. The accommodation comprises large living room, spacious ‘eat-in’ kitchen, utility room, two bedrooms and two bathrooms (one ensuite).
Shop: RV £34,250. UBR 49.3 p in the £ 2018/2019
Maisonette: Council Tax Band D
Reigate & Banstead Borough Council. Tel: 01737 276000
The ground floor shop and basement- 6 High Street is currently let to County Clothes LLP for a 20 year unbroken term commencing 03.12.14 at a current rent of £37,500 per annum. The lease is on an effective full repairing and insuring terms with five yearly upward only rent reviews.
The self-contained maisonette at 6A is currently let on a twelve month assured shorthold tenancy expiring September 2019 at a rent of £1,000 pcm. There is a mutual break clause on two months prior notice.
Each side to be responsible for its own legal costs in the transaction
Offers in the region of £895,000 FREEHOLD plus VAT
By prior appointment with our office. Tel: 01737 245886.
Robinsons, attention Steve Lane. Tel: 01737 229 201.