Lot 04 21 High Street, Reigate, RH2 9AD

Bidding Closed

SOLD FOR

£700,000

Property Enquiries

Mat Harris

mat.harris@bidx1.com
07732681152
07732681152

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Jaspal Kundi

jaspal.kundi@dlapiper.com
0113 360 1976
Description
Map
Viewings

Property Summary
  • By order of a Major UK Bank
  • Freehold vacant former banking hall, basement, first and second floor totalling about 365.44 sq m (3,934 sq ft)
  • Part of the first and all the second floors have been sold off (refer to legal pack)
Tenure

Freehold

Location

Reigate is a town in Surrey, approximately 19 miles south of central London. It is in the London commuter belt and one of four towns in the borough of Reigate and Banstead. It is sited at the foot of the North Downs and extends over part of the Greensand Ridge. Reigate has a medieval castle and has been a market town since the medieval period, when it also became a parliamentary borough.

The property is centrally located on the south side of the High Street with a Morrisons Supermarket located at the back of the demise and has c.390 car spaces. There are numerous national multiple occupiers that include Boots, WH Smith and M&S.

Description

The property includes a basement, ground, first and second floors (though part of the first and all of the second floor have been sold off on two long leasehold residential leases) - the upper parts are accessed via a shared front lobby. The semi-detached property is of traditional construction with a small rear yard, which may allow further small extension to the premises, subject to any consents. The property would suit a variety of different uses, including the conversion in part, to residential, subject to obtaining any necessary consents.

Accommodation

Planning

Reigate and Banstead Borough Council (01737 276000) www.reigate-banstead.gov.uk. The property currently has planning use for Class E, however may be suitable for alternative uses, including possible residential in part, subject to obtaining any necessary consents. 

VAT
Please refer to Legal Documents
Property Table
FloorAccommodationTenancyRent PA
TOTAL365.44 sq m (3,934 sq ft) £200 pa
Ground - Former Banking Hall
Basement - ancillary/storage
First - ancillary offices
195.19 sq m (2,101 sq ft)
107.20 sq m (1,154 sq ft)
63.05 sq m (679 sq ft)
VacantNA
First/Second floorsTwo flatsRefer to the legal pack£100/flat

Please note that any plans or photographs used are to help locate the property and may not show the exact legal boundaries. Prospective purchasers are advised to refer to the title plan in the legal pack. The areas have been provided by the vendor. 

 

EPC

The Energy Performance Asset Rating is E. Please refer to the legal pack


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


Contact Mat about this property