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Retail Units & Shops

Surrey

Reigate

property

34-36 High Street, Reigate, Reigate - Picture 2023-03-20-11-48-49

Sold

34-36 High Street, Reigate 34-36 High Street, Reigate, RH2 9AT

Use Class

Size

6,390 sq ft

Rent pa

POA

Price

£2,000,000

Market Sector

High Street Scheme

Key Features

Let to Boots UK
Exciting Development Opportunity
Reigate is an affluent and historic commuter town in Surrey with excellent transport links into London and is located 7.6 miles from Gatwick Airport.
15-minute drive time population of 152,880 people, with the majority falling within social classes AB and C1 (the most affluent).
Total retail expenditure in the Reigate and Redhill district is circa £440million.
The freehold property comprises a total of 6,390 sq ft arranged over ground and first floors.
Rental income of £95,000 pa, with 6.5 years unexpired.
Offers invited in excess of £2,000,000 (Two Million Pounds), reflecting a Net Initial Yield of 4.48%, after purchaser’s costs of 5.98%.
Potential for residential development on the upper floors and to the rear, subject to necessary planning consents and vacant possession.

Description

Prime High Street Retail Investment

The subject property is situated in a 100% prime position on the High Street in the retail heart of Reigate. The property is located close to Gails Bakery, Pizza Express, Space NK, Marks and Spencer, Specsavers, and Accessorize, amongst other multiples and strong independent traders.

There is ample car parking provision in Reigate, including a large car park to the rear of Morrisons (2 hours for customers). Reigate Train Station is a 10 minute walk north of the subject property.

Location

Reigate is an affluent and historic commuter town in the county of Surrey in the Reigate and Banstead district. It is situated approximately 22 miles south of London, 10 miles north of Crawley and 2 miles west of Redhill.

The town benefits from excellent transport communications.

Accommodation

6,390 Sq.Ft

The building is arranged over ground, first and second floors. A clear sales floor is found at the ground level and ancillary accommodation on the upper floors. The site provides a coverage of 0.156 acres.

Dimensions

Feet

Metres

Gross Frontage

35.83

10.9

Areas

Sq.Ft

Sq.M

Ground Floor Sales

3,456

321

Ground Floor Ancillary

291

First Floor Ancillary

2,495

231

Second Floor Ancillary

148

13.7

Downloads

Brochure

34-36 High Street, Reigate, Reigate - Brochure 2023-03-21-15-57-49

More Information

Website

Financial

Tenure

Freehold

Sustainability

Energy Performance Certificate

Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.