Hamilton House 87-93 Bell St 7,504 SF 100% Leased Office Building Reigate RH2 7AN For Sale

The ground floor totals 3,130 sq. ft. and benefits from ten car parking spaces, in addition to a store / garage area. A new FR & I lease has recently been agreed with the existing Tenant, Majestic Wine Warehouses Limited from 17th December 2025 and is due to expire on 31st January 2036. The new passing rent is £68,250 per annum exclusive. The first-floor totals 4,374 sq. ft. as calculated on a net internal basis and has the benefit of 15 car parking spaces, which at a ratio of 1:292 sq. ft. is good for the town. The existing lease is to a serviced operator, namely Enterprise Office Solutions Limited, who have a good reputation for offering quality accommodation and services. A new lease was granted from 1 st June 2021 for a term of 10 years with a Tenant break clause on 1st June 2026, this has subsequently been removed. The current rent payable is stepped, rising from £100,000 to £106,000 per annum exclusive and the rent is to be topped up by the vendor to this figure. The second floor comprises ten flats, eight of which are let for a term of 1,000 years from 21st December 1971 at a ground rent of £158.00 per annum each, this is subject to increases in line with RPI every 20 years, the next review being 21st December 2031. The other two flats are let for a term of 999 years from 21st December 1972 at a ground rent of £100 per annum each, this is subject to increases of £50 every 33 years, the next review being 21st December 2038. In addition to the above accommodation, there is a single garage which has rental value of circa £1,000 - £1,200 per annum. Due to the extensive car park in such a prime town centre location, in future there may be the opportunity for further development on the site, subject to the usual approvals.