A two storey building of concrete framed construction under a flat roof. Originally built to provide offices at first floor with workshops, stores and ancillary at ground level. Currently the building operates as a yoga and holistic centre with a mix of yoga / fitness studios, consulting rooms and offices but would suit a range of uses. Both floors are capable of being self-contained and occupied separately with central heating and their own male and female toilets and kitchen. There is also a private forecourt with parking for up to 8 vehicles.
A single clinic room on the first floor has recently been let on a 1 year licence with a 2 month mutual rolling break clause. The premises are available to let either including or excluding this room.
Location
The premises are located on Albert Road North commercial estate which offers good road and rail connections. Junction 8 of the M25 is 1.5 miles to the north and Reigate Train Station is 0.7 miles to the east, providing regular train services to East Croydon and London Stations. Reigate is a prosperous, affluent, market town with a good selection of restaurants, bars and shops including a good mix of national and independent retailers.
Accommodation
The accommodation and gross internal floor areas are as follows:-
Ground Floor - 2,655 sq.ft (247.6 sq.m)
First Floor - 2,655 sq.ft (247.6 sq.m)
Total - 5,310 sq.ft (493.3 sq.m)
Outside Parking for up to 8 vehicles
Terms
TERMS - The whole premises are available to let on a new full repairing and insuring lease as follows:-
- Whole Building - £50,000 per annum exclusive.
- Ground Floor - £30,000 per annum exclusive
- First Floor - £27,500 per annum exclusive
Subject to Contract
VAT - We understand that VAT is applicable to the rent.
RATES - The Valuation Office Agency Website describes the property as “Yoga Centre & Premises” and advises that the 2023 Rateable Value is £21,000. The current UBR is 49.9 pence in the £. Further enquiries in this respect should be made to Reigate & Banstead Council.
EPC - This property has an EPC Rating of C (66).
LEGAL COSTS - Each party to bear their own costs.
Specification
- Class ‘E’ / Light industrial / Office building with parking
- Suitable for a range of uses
- Both floors could be self-contained and occupied separately
- Close to M25 Junction 8 and Reigate Railway Station
- Total gross internal area 5,310 sq.ft (493.3 sq.m)
- New lease available at £50,000 per annum (subject to contract)