Overview

LEASEHOLD INTEREST

The bank is arranged over basement, ground, first and second floors. Ground floor consists of the main banking hall, with office and ancillary space on first and second floors. The basement holds the safe and vault. Tenure The property is held on an existing FRI lease due to expire 23/06/2021 at a passing rent of £64,000 per annum exclusive. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £64,000 pa. Rates We understand from the VOA website that the current Rateable Value of the shop is £55,500 and the rates payable are £27,972 pa. The UBR for 2019/2020 is 50.40p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
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Location Description

Reigate, an affluent commuter town on the outskirts of the M25 in Surrey, has excellent road and rail links to London and the surrounding area. The bank is situated on the corner where Church Street meets Market Square and Bell Street.

Sizes and Measurements

Total Size

3,792sqft

Sales Area

1,704sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,704sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

812sqft

Status

Available

Available from

Immediately

Second Floor

Details

Non-Sales

Size

785sqft

Status

Available

Available from

Immediately

Basement

Details

Non-Sales

Size

491sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

21/06/2021

Lease type

Assignment

For rent

£64,000/pa

UBR

50.4p

Rateable Value

£55,500.00

Business Rates

£27,972/pa

Specification

  • Affluent Town
  • Consent for various uses
  • Flexible lease terms available

Floorplan

REIGATE_ 4 HIGH STREET STREETPLAN

Photos

REIGATE_ 4 HIGH STREET

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