TOWN CENTRE RETAIL UNIT WITH BASEMENT

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TOWN CENTRE RETAIL UNIT WITH BASEMENT

LOCATION

The premises occupy a prime town centre trading location adjoining the old Market Hall building (Caffè Nero) on the northern side of Reigate High Street with the pedestrian Castle Walk and Castle Grounds at the rear. The towns banks are in close proximity and nearby multiples include WH Smith, Boots, Martins and Dreams. Nearby restaurants include Café Rouge, Pizza Express, Bills and Wagamamas. Priory Park is nearby and the pedestrian walkway to Morrisons supermarket with parking for 390 cars is on the south side of the High Street. Access onto the M25 at the top of Reigate Hill (junction 8) is about two miles by road. Gatwick Airport is about 7 miles to the south.

DESCRIPTION

The unit comprises a ground floor shop with internal staircase to basement accommodation with kitchen and good storage space. The shop has two window displays either side of a central entrance with main retail area having wood strip flooring, modern wiring, 9 ft headroom, central air conditioning unit and inset lighting. There are steps up to a further retail area with WC – all carpeted – fire exit door to rear yard and internal staircase down to a good kitchen area – also carpeted – with two storage rooms at the front.

ACCOMMODATION

All measurements approximate, the accommodation is arranged as follows:-

Internal frontage about 14’3”. Built depth about 47 ft

Twin window displays and central entrance                                                                47 sq ft

Main retail area: 11’3” widening to 14’8” x 20’3” deep. Understairs cupboard   254 sq ft

Rear retail area: Max 8’8” x 15’7”. Rear fire door. WC                                               85 sq ft

Internal staircase leading down to:

Kitchen (rear): Max 8’6” x 13’10”. Sink, long work surface and shelving              98 sq ft

Central store: 13’2” x 12’9”. 8ft headroom. Shelving                                                 168 sq ft

Front store: 12’ x 12’9”. Gas & electricity meters                                                         151 sq ft

 

NET INTERNAL AREA                                                              803 sq ft (74.6m²)

RATING

RV £17,500  UBR 50.4 p in the £  2019/2020.

Reigate & Banstead Borough Council Tel: 01737 276 691.

PLANNING

The permitted use is class A1 retail. The property lies within the town centre conservation area but is not a listed building

LEASE

The premises are available on a ten year FRI lease with five year upward rent review inside the Landlord & Tenant Act 1954. The rear yard and garden area can be included if required.

RENT

£24,000 per annum exclusive plus 50% contribution of cost of buildings insurance.

LEGAL COSTS

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

VIEWING

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

 

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