TRIPLE SHOP WITH BASEMENT STORES & PARKING – CHURCH STREET, REIGATE £59,500 pa

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TRIPLE SHOP WITH BASEMENT STORES & PARKING – CHURCH STREET, REIGATE £59,500 pa

LOCATION

The property is on the south side of Church Street (A25) about 70 yards from the town centre traffic lights on the one way system with rear servicing from St Lawrences Way. The town’s new post office is two doors away and banks, restaurants and the Morrisons supermarket are within a short walk. There is a multi storey car park at the rear. Access onto the M25 (junction 8) is about two miles. Gatwick Airport is some seven miles south.

DESCRIPTION

Occupied by Laura Ashley from 2006 until recent closure, the premises comprise three adjoining and interconnecting shops with current entrance door in no 16. Three internal staircases lead down to the basement & lower ground floor storage/warehousing with toilet and offices & staff room under shop 14. A goods entrance door in no 18 leads out to a rear yard with loading bay and three car spaces, or alternatively nine car spaces in tandem accessed from the rear service road. The shops have solid flooring, air conditioning and an alarm system.

ACCOMMODATION

All measurements approximate, the accommodation comprises:

Built frontage 61 ft (18.6m)
Built depth 54 ft 9 inches (15.2m)

Ground Floor

Shop 14 804 sq ft
Shop 16 806 sq ft
Shop 18 720 sq ft 2330 sq ft (207.17m²)

Lower Ground floor

14 Offices & staff room 788 sq ft
16 Storage 852 sq ft
18 Storage 790 sq ft 2430 sq ft (225.76 m²)

NET INTERNAL FLOOR AREA 4760 SQ FT (432.93m²)

Use of rear yard apart from three spaces for upstairs residents.

RATING

RV £55,000 UBR 51.2p in the £ 2020/2021.
Reigate & Banstead Borough Council; commercial rates 01737 276691.

PLANNING

The premises have longstanding use as a retail store. With recent government changes in use classes, possible alternative uses include offices and financial & professional services.

LEASE

The premises are available on a new 10 year lease with 5 year rent review inside the Landlord & Tenant Act 1954.

RENT

£59,500 per annum exclusive.

LEGAL COSTS

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

VIEWING

By appointment with our office. Tel: 01737 245886.

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