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Prime Multi Let Retail and F&B Investment in an Affluent and Historic Surrey Commuter Town

Reigate is an affluent and historic commuter town, situated approximately 34km (21 miles) south of London and 13km (8 miles) north of Gatwick Airport.

38% of Reigate’s population are within the most affluent AB social group, significantly above the national average of 21.5%, ranking 18th on the PMA affluence indicator out of the 200 Retail Promis centres.

Strategically located adjacent to the 49,000 sq ft Morrisons Superstore, the only in town major foodstore with 390 free car parking spaces.

The asset has been 100% occupied for the entire tenure of our clients 17 year ownership, while delivering an annualised rental growth of +2.2%.

Let to the multiple occupiers of Costa, Giggling Squid, Kokoro, JoJo Maman Bebe, Timpson and Benefit.

74% of the income is secured against national multiples.

The property comprises 13,508 sq ft (1,255 sq m) of accommodation.

WAULT of 8.5 years to expiry and 7.3 years to break.

Yield:

7.75 %

Price:

£4,640,000

Contact:

Jonathan Milburn
07970 617 867
jonm@jacksoncriss.co.uk

Rhodri Jones
07570 684 444
rjones@jacksoncriss.co.uk

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