Lesbourne Road, Reigate

LOCATION

This interesting and most visible detached property forms an island at the junction of Lesbourne Road/West Road and South Road in a busy and popular neighbourhood parade to the south of the town centre, in an area renowned for a variety of good quality individual traders. The position of this shop benefits from passing footfall to the neighbouring traditional bakery, florist, butcher and wine merchant shops.

ACCOMMODATION

Whilst currently let and subject to a lease this is a well presented single storey shop unit currently trading as a ladieswear agency, benefiting from a full return shopfront with approx. 40ft in total of shop window to two sides. Currently arranged as principally tapering retail space with ancillary changing/stockroom area and WC. Electric heating, spotlights on tracking and laminate floor to the retail areas.

TENURE

A sale of the freehold interest under Title No SY101259 subject to the commercial lease currently in place granted until 30.6.27 at a passing rent of £12,000 pax Lease documentations are available to review upon request.

GUIDE PRICE

Offers in the region of £ 185,000 for the freehold interest under Title no SY SY101259 and subject to the existing commercial lease.

VAT

We are advised that the premises is not elected for VAT at present.

COSTS

Each party are to bear their own legal costs in the transaction.

BUSINESS RATES

From internet enquiries only the business rate assessment is as follows:

Rateable Value                           £8,200

Uniform Business Rate                £0.49.9 (April 2023 – March 2024)

Interested parties should verify this information and any transitional adjustments prior to entering into any contract.

EPC

The property has been rated C (63) and remains valid until 28.10.2034. A full copy of the EPC is available upon request.

VIEWING

Strictly by appointment with the Landlord’s Sole Agents Robinsons, telephone 01737 229200.

• Single storey detached E class unit currently let to a fashion retailer in the heart
• The premises is subject to a lease granted until 30.6.27 at a passing rent of £12,000 pax
• One virtually open plan retail space with partitioned changing rooms 413 sq ft (38.40m2)
• This is a well known small landmark premises