Residential Lettings
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The premises form part of an attractive Victorian parade in the centre of Reigate. M&S Foodhall is directly opposite with Starbucks, Mint Velvet and Jo Malone adjacent. Short term free parking is available directly outside with ample parking by Morrisons supermarket a 2 minute walk away.
The freehold investmentcomprises a mid-terrace Edwardian property with attractive bow fronted shop unit under two separate flats with their own access. The whole is currently vacant allowing for refurbishment or remodelling and offers significant scope for an owner occupier.
Attractive timber bow fronted shop unit with 686 sq ft of retail space plus stores over the ground floor and basement stores below. The premises has traded as Holland and Barrett for many years and would equally suit another retailer as it would an alternative E class use.
The uppers comprise of two flats, a one bed and a two bed. Both with their own water, gas and electricity supplies.
Sale of the freehold interest under Title NoSYTBCwith both the commercial unit and residential being sold with vacant possession.
Offers in the region of £920,000 for the freehold interest subject to contract.
Valuation Office Agency lists the retail unit as having a rateable value of £25,250.
Both flats are in Council Tax Band C
We understand that all parts have the benefit of gas, electric and water supply.
We understand that the premises are not elected for VAT will not be payable on the purchase price. All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989.
LEGAL COSTS
Each party to be responsible for their own legal costs in the transaction.
EPC
The commercial unit has a compliant EPC rating of C (70) valid until 2026.
The flats have EPC ratings of D & E (52).