Well-situated end of terrace retail / office / Class E premises with kitchen and toilet facilities in addition to a small enclosed rear yard. On-street parking is available along Holmesdale Road and other nearby roads and there are various car parks in the area.
Location
The premises occupy a convenient location next to Reigate Railway Station and close to the centre of Reigate, providing good visibility and footfall levels. This area immediately adjoining the station includes a vibrant mix of independent retailers, cafés and takeaways. There is also a Co-op supermarket close-by. Reigate town centre with an excellent selection of shops, cafés, restaurants, banks and a post office is a short walk away.
Reigate is a prosperous market town situated 18 miles to the south of Central London, benefitting from good road and rail connections with Junction 8 of the M25 close-by at Reigate Hill.
Accommodation
The accommodation and net internal floor areas are as follows:-
Retail Area - 443 sq.ft (41.2 sq.m)
Kitchen - 57 sq.ft (5.3 sq.m)
Total - 500 sq.ft (46.5 sq.m)
Interested parties should note that there is also some basement storage which may potentially also be available at the landlord’s discretion.
Terms
TERMS - The premises are available to let on a new, full repairing and insuring lease for a term to be agreed at an initial rent of £15,950 per annum exclusive.
Additionally, there is a fixed sinking fund of £500 per annum and service charge of £1,500 per annum.
Subject to Contract
RATES - The Valuation Office Agency website describes the property as “Shop & Premises” and advises that the Adopted 2023 Rateable Value is £10,500. The current UBR for 2024/25 is 49.9 pence in the £. Small business rates relief may be available. Further enquiries in this respect should be made to Reigate & Banstead Council on 01737 276000.
VAT - We understand that VAT is applicable to the rent, sinking fund and service charge.
COSTS - Each party to bear their own costs.
EPC - TBC
Specification
- Well located Retail /Office / Class E premises to let
- Prominently situated on the approach to Reigate Railway Station
- Close to centre of Reigate
- Total net internal area 500 sq.ft (46.5 sq.m)
- New lease available at £15,950 per annum exclusive (subject to contract)