£595,000
Retail premises for saleChurch Street, Reigate, Surrey RH2
About this property
Rare opportunity to purchase a mixed-use property in Reigate Town Centre.
Total net internal area of 160.53 sq.m (1,727 sq.ft).
Car Parking to the rear.
Ten years unexpired on commercial element.
Freehold available to purchase at £595,000
Exclusive of VAT.
Description & Accommodation
The Property is arranged over lower ground, ground, first and second floors, with the lower two floors currently being occupied as a hairdresser and the two upper floors given over to Residential, that is currently vacant.
The Property provides the following net internal floor areas.
Retail Unit
Ground Floor 53.18 sq. M (572 sq. Ft)
Lower Ground Floor 49.14 sq. M (529 sq. Ft)
Total: 102.32 sq. M (1101 sq. Ft)
Residential
Kitchen 7.45 sq. M (80 sq. Ft)
Living/Dining Room 21.04 sq. M (226 sq. Ft)
Bathroom 3.65 sq. M (39 sq. Ft)
Bedroom One 14.07 sq. M (151 sq. Ft)
Bedroom Two 11.99 sq. M (129 sq. Ft)
Total: 58.21 sq. M (626 sq. Ft)
Location
The property is located in the heart of Reigate, an affluent town, which benefits from a wide range of independent and national retailers, cafes, and restaurants as well a variety of other amenities. The subject property is located on Reigate’s main
commercial thoroughfare.
Reigate lies approximately 20 miles south of central London, just west of Redhill, with Dorking to the west and Horley to the south. The town enjoys excellent transport links with the journey by train to London Victoria or London Bridge taking around 40 to 50 minutes, with frequent services from Reigate or nearby Redhill station.
The town is also well connected by road: The M25 motorway (Junction 8) is just over a mile north of the town centre, offering easy access to the wider motorway network, including the M23(approximately 4 miles east), which leads directly to Gatwick Airport and Brighton.
Tenure
The property is held on a freehold basis under Title No.SY500699
Occupational Leases
The property is currently subject to a Lease on the lower ground and ground floors for a term
to expire 21st May 2036 at a current passing rent of £23,250 pax.
Terms
The Freehold is available to purchase at a price of £595,000 exclusive of VAT.
Subject to Contract
VAT
The above guide price is exclusive of VAT if applicable.
Costs
Each party are to pay their own fees in relation to the transaction.
EPC
Retail Unit: Awaiting Reassessment
Maisonette: E (40)
Business Rates
The Valuation Office Agency website describes the premises as ‘Shop & Premises’ with a 2023 rateable value totalling £21,250. The current ubr is 49.9 pence in the £.
Reigate and Banstead Borough Council’s website shows the maisonette as Council Tax Band C.
Viewings
Strictly by appointment with White and Sons:
Mike Wimble –Tel: Email:
Rachel Natocijeva –Tel: Email:
The Property is arranged over lower ground, ground, first and second floors, with the lower two floors currently being occupied as a hairdresser and the two upper floors given over to Residential, that is currently vacant.
The Property provides the following net internal floor areas.
Retail Unit
Ground Floor 53.18 sq. M (572 sq. Ft)
Lower Ground Floor 49.14 sq. M (529 sq. Ft)
Total: 102.32 sq. M (1101 sq. Ft)
Residential
Kitchen 7.45 sq. M (80 sq. Ft)
Living/Dining Room 21.04 sq. M (226 sq. Ft)
Bathroom 3.65 sq. M (39 sq. Ft)
Bedroom One 14.07 sq. M (151 sq. Ft)
Bedroom Two 11.99 sq. M (129 sq. Ft)
Total: 58.21 sq. M (626 sq. Ft)
Location
The property is located in the heart of Reigate, an affluent town, which benefits from a wide range of independent and national retailers, cafes, and restaurants as well a variety of other amenities. The subject property is located on Reigate’s main
commercial thoroughfare.
Reigate lies approximately 20 miles south of central London, just west of Redhill, with Dorking to the west and Horley to the south. The town enjoys excellent transport links with the journey by train to London Victoria or London Bridge taking around 40 to 50 minutes, with frequent services from Reigate or nearby Redhill station.
The town is also well connected by road: The M25 motorway (Junction 8) is just over a mile north of the town centre, offering easy access to the wider motorway network, including the M23(approximately 4 miles east), which leads directly to Gatwick Airport and Brighton.
Tenure
The property is held on a freehold basis under Title No.SY500699
Occupational Leases
The property is currently subject to a Lease on the lower ground and ground floors for a term
to expire 21st May 2036 at a current passing rent of £23,250 pax.
Terms
The Freehold is available to purchase at a price of £595,000 exclusive of VAT.
Subject to Contract
VAT
The above guide price is exclusive of VAT if applicable.
Costs
Each party are to pay their own fees in relation to the transaction.
EPC
Retail Unit: Awaiting Reassessment
Maisonette: E (40)
Business Rates
The Valuation Office Agency website describes the premises as ‘Shop & Premises’ with a 2023 rateable value totalling £21,250. The current ubr is 49.9 pence in the £.
Reigate and Banstead Borough Council’s website shows the maisonette as Council Tax Band C.
Viewings
Strictly by appointment with White and Sons:
Mike Wimble –Tel: Email:
Rachel Natocijeva –Tel: Email:
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