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13 West St 1,367 sq ft Retail Property Reigate RH2 9BL £475,000 (£347.48/sq ft)
INVESTMENT HIGHLIGHTS
- Unit is subject to a new 10 year lease from 24.6.25 at a passing rent of £37,500 pax
- One car space to the rear
- Current tenant operates as a well-established hair and beauty salon
EXECUTIVE SUMMARY
The ground floor and basement are being sold by way of the long leasehold interest granted for 999 years from 7.4.22 under Title NoSY564408 and all being subject to the ten-year lease granted to Glamour Garage Tenants from 24.6.25 at the passing rent of £37,500 pax. The lease is within the LTA 1954 security provisions with no lease break provision. There was a half rent discount applied from lease renewal on 24.6.25 until 24.1.26. Any apportioned service charge charged to the Landlord is we are advised reclaimable from the Tenant under the terms of the ground floor and basement lease.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Size
1,367 sq ft
Costar Property Class
B
Year Built
1937
Price
£475,000
Price per sq ft
£347.48
Tenancy
Single
Number of Floors
4
Plot ratio
0.31
Total Plot Size
0.10 ac
Frontage
20 ft on West Street
AMENITIES
- EPC - C
- Storage Space
1 1
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13 West St
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