A prominent, three storey terrace of buildings located in the pedestrianised town centre of Redhill. The building was heavily redeveloped and rebuilt in 1999 to form retail across the ground floor with ancillary storage/offices across the first floor.
The demised premises consists of a large ground floor retail area that totals about 275 sq m (2,961 sq ft), that includes former changing rooms, WC facility and small office. There is rear access via a metal staircase to the first floor that was used for ancillary storage and offices that is about 242 sq m (2,608 sq ft) - total floor area about 517 sq m (5,565 sq ft). The premises were previously occupied by Bon Marche, but could suit a number of alternative uses, subject to obtaining any necessary consents.
Location
Redhill is a busy commercial and commuter town in the borough of Reigate and Banstead, Surrey. It sits about 20 miles south of central London and acts as a major regional transport and business hub. Located near the junction of the A23 and A25, with quick access to the M25 and M23. Redhill railway station sits on the Brighton Main Line, North Downs Line, and Redhill–Tonbridge line, offering direct trains to London, Gatwick Airport, Reading, and Brighton.
Redhill serves as the UK or regional headquarters for companies like SES Water, Santander Consumer Finance, AXA Insurance, and Travelers Insurance.
Unit 4 High Street is situated on the eastern side of Redhill's main pedestrian thoroughfare, right at the junction with Station Road and directly opposite The Belfry Shopping Centre, that houses over 50 stores including major brands like Marks & Spencer, Boots, WHSmith, and H&M. Other nearby occupiers include Sainsburys, Specsavers, Santander, McDonalds and Greggs.
Accommodation
Ground floor shop: 275 sq m (2,961 sq ft)
First floor offices/stock room: 242 sq m (2,608 sq ft)
TOTAL: 517 sq m (5,565 sq ft)
All areas have been provided by the vendor.
Terms
Guide Price: £300,000
Tenure: Leasehold from and including 1 July 2022 and expiring on 24 November 3002 with a peppercorn ground rent.
Planning: Reigate and Banstead Borough Council (01737 276000) www.reigate-banstead.gov.uk
VAT: VAT is applicable to this sale. Interested parties are exclusively responsible to verify and/or ascertain whether the sale of the Property is subject to VAT as well as the exact amount payable.
Specification
- On the instructions of the Joint Agents
- Ground floor retail unit and first floor offices/ancillary
- Totals about 517 sq m (5,565 sq ft)
- Town centre location
- Suit investor/developers and owner occupiers
- Vacant possession