Summary
Investment property
Location
The premises are located in Reigate which is a thriving commuter town 24 miles south west of central London and 6 miles north of Gatwick Airport.
There is an excellent retail offering within the town. Nearby retailers include Café Nero, Simply Sports, Boots the Chemist, Pizza Express, Clinton Cards and Specsavers. Marks & Spencer Simply Food and Morrisons supermarket are located close by.
Additional Description
The premises comprises of a double fronted self -contained retail unit benefiting from substantial first floor storage/sales area. Internally, the shop benefits from a woodern framed glazed window, suspended ceiling, recessed lighting and rear pedestrian access.
We have been informed by the Local Planning Authority that the premises are not Listed but are in a Conservation Area.
Accomodation (Approx. net internal)
| |
Sq ft |
Sq m |
| Ground Floor (Retail) |
1,136 |
128.76 |
| First Floor |
854 |
79.34 |
| TOTAL |
2,240 |
208.10 |
Tenancy Information
The entire premises are let to Fat Face Limited (company registration number 02954734) on the following principal terms:
- Lease Dated - 26/06/2014
- Term - 10 years from 27/06/2014 expiring 26/06/2024
- Annual Rental - £58,000 per annum, exclusive (paid monthly in advance)
- Rent Review - Upwar only on the 27/06/2019 to an open market level
- Repairs - fully repairing & insuring
- Permitted Use - Class A1 (Retail)
- 1954 Landlord & tenant Act - The lease is held within the security of tenure provisions
Full lease documentation can be found at www.hurstwarne.co.uk
Tenure
The premises are held freehold the titles can been seen at www.hurstwarne.co.uk
Covenant Information
Please see attached particulars and visit the websit efor further information www.hurstwarne.co.uk
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