53 Bell Street, Reigate, Surrey

DESCRIPTION
The premises are situated on Bell Street/A217 opposite the Bell Street car park with Reigate Station being just an 8 minute walk and Junction 8 of the M25 just 2 miles to the North. The premises comprise of an open retail area with kitchen/staff room and WC to the rear. In addition to its current use the unit suits a number of uses and could be reconfigured and portioned as required within the existing E use class including retail/showroom/office/
health/medical/beauty uses.
The premises forms the end unit as part of a purpose built terrace of retail units with residential above in this most convenient location directly opposite Priory Park and just two mins walk of the High Street There is pedestrian access to the rear from the ancillary areas that lead to a private car park to the rear of the premises that enables parking for two cars.
Approx. dimensions as follows: -
Retail area Approx. 733 sq ft (68.1m2)
Internal depth 46 ft (14m)
Internal width 16ft (4.9m)
External frontage Approx. 17 ft (5.2m)
Net Internal Area Approx. 733 sq ft (68.1m2)

GUIDE PRICE
£445,000 for the freehold interest held under Title No. SY441333

TENURE
The freehold under Title No SY441333 is being sold subject to the existing 10 year lease on the commercial unit granted from 9.7.26 to C Brewer & Sons Limited who are a very well established decorating supplies retailer with strong trading history ( T/0 to 31.12.25 of £327.3 million and GP of £18.4m). This occupier offers a particularly strong covenant for such a retail investment of this scale which we believe should be particularly appealing to the investor buyer. The lease includes an upward only rent review and Tenant break provision at the end of the fifth year of the term. The upper parts comprise of one self-contained first floor flat which is subject to a long leasehold interest granted for 189 years dated 18.9.12 granted from 29.12.78 under Title No. SY806985 at a peppercorn Ground Rent. Note: There is a provision in the lease that the leaseholder of the uppers parts does have a reduced liability for the external decorations than the norm in order to maintain the presentation of the façade.

VAT
We do not believe that the premises are elected for VAT All rents, prices and premiums are stated exclusive of VAT under the Finance Act 1989. Accordingly, interested parties are advised to consult their professional advisers as to their liabilities, if any, in this direction.

RATES
We understand from an online search that the premises has a rateable value of £18,750 with the Tenant liable for business rates.

LEGAL COSTS
Each party to be responsible for their own legal costs in the transaction.

EPC
The premises have an EPC rating C (62).

VIEWING
Strictly by prior appointment only through sole agents: ROBINSONS - Sole Agents