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Development - Commercial, Investment Industrial, Investment Industrial Angle, Investment Office, Investment Office Angle, Investment Retail, Investment Retail Angle, Land, Development - Residential

5-13 West Street, Reigate, Surrey, RH2 9BL

Freehold £3,750,000 Offers in excess of

0.45 Acres
(0.18 Hectares)

- Mixed use asset totalling 15,929 sq ft comprising 4,121 sq ft NIA of retail, 6,790 sq ft NIA of offices and 5,018 sq ft GIA of
industrial/brewery accommodation.

- Passing topped up rent of £219,970 per annum.

- Permitted Development for 14 flats on the office upper parts (Planning Reference - 21/01323/ PAP3O).

- Scope for Further development at the rear STPP.


The property is situated in a prime location on the south side of West Street just off the High Street and centrally pitched at the junction between London Road and Park Lane. The front is surrounded by local amenities with reasonable footfall, the rear backs onto and overlooks the picturesque Reigate Priory Cricket Club Field.

Reigate is a highly regarded and affluent Surrey town, positioned immediately to the south of the M25 (London Gatwick 7.4 Miles, London Heathrow 28.1 Miles, Gatwick Airport 7.4 Miles, Central London 29.5 Miles).
Mixed use investment with immediate redevelopment potential.

Located in Reigate, an affluent Surrey market town only 1.5 miles south of the M25.

Mixed use asset totalling 15,929 sq ft comprising 4,121 sq ft NIA of retail, 6,790 sq ft NIA of offices and 5,018 sq ft GIA of industrial/brewery accommodation.

Freehold.

Passing rent of £219,970 per annum reflecting a very low average rent of £13.80 per sq ft.

Offices benefit from Permitted Development to residential:12 apartments (2 x 3 beds, 7 x 2 beds and 3 x 1 beds).

Further scope for redevelopment at the rear of the property, subject to the necessary consents.
Richard Plant
Richard Plant
BSc (Hons) Dip VEM MRICS
Partner, BSc (Hons) DipVEM MRICS

020 8662 2718
07850 584240
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Harry Speed
Harry Speed