TOWN CENTRE RETAIL UNIT WITH BASEMENT
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.
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.
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)
RV £17,500 UBR 50.4 p in the £ 2019/2020.
Reigate & Banstead Borough Council Tel: 01737 276 691.
The permitted use is class A1 retail. The property lies within the town centre conservation area but is not a listed building
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.
£24,000 per annum exclusive plus 50% contribution of cost of buildings insurance.
Each side to be responsible for its own legal costs in the preparation of a new lease.
By prior arrangement with our office. Tel: 01737 245886 (ref MS).