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13 West St 1,367 SF Retail Building Reigate RH2 9BL $884,523 CAD ($647.05 CAD/SF)
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
Building Size
1,367 SF
Building Class
B
Year Built
1937
Price
$884,523 CAD
Price Per SF
$647.05 CAD
Tenancy
Single
Building Height
4 Stories
Building FAR
0.31
Lot Size
0.10 AC
Frontage
20’ on West Street
AMENITIES
- Energy Performance Rating - C
- Storage Space
1 1
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13 West St
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