The premises are situated in a busy and popular neighbourhood parade in an area renowned for a variety of good quality individual traders just south of the town centre, West Road forms the link between Lesbourne Road and Blackborough Road continuation being a busy and important through route connection (B2034) between Reigate and Redhill towns. Junction 8 of the M25 is approximately 2 miles at Reigate Hill and Gatwick Airport approximately 8 miles to the south.
Description Our Client is seeking to sell the freehold investment of the building which comprises the ground floor lock up shop together with front forecourt which is subject to a 15-year lease granted from 1 July 2013 to the Blue Cow (Butchers) Ltd, a well-established butcher’s shop which follows historical trading of this use in the shop for decades. The passing rent is £12,500 per annum until the next rent review 1 July 2019 and the letting is outside the security provisions of the Landlord & Tenant Act 1954.
First & Second Floor Flat The upper parts currently form a three-bedroom split level flat with gas fired central heating over first and second floors with spacious sitting room, modern kitchen/diner, latterly refitted bathroom, separate WC (floorplans attached) with private pedestrian access at ground floor from the rear and is subject to an Assured Shorthold tenancy expiring 31 October 2017 at a monthly rent of £1,035 per calendar month. It is anticipated that the Tenants may vacate at the end of this term.
It is set over basement, ground, first and second floors, although part of the first and all of the second floors have been sold off on two long residential leases. The property is semi-detached with 1st Stop Stationers next door. There is also an outside area to the rear of the property which may allow further small extension to the premises (STPP).
- Former Natwest Bank For Sale centrally located on Reigate High Street. - Arranged over Ground, Basement and first floors - Totalling 3,934 sq ft - Offers in ecess of £1.1m - Benefits from A2 Planning
Natwest - Former For Sale in Reigate
Type: General Retail, Retail - High Street, Retail
21 High Street, Reigate, RH2 9ADGBReigate and Banstead, ReigateSurreyRH2 9AD21, High Street