About this property
Mixed use investment within Dorking town centre comprising a ground floor retail unit, two self contained flats above and parking to the rear.
The premises are located within the centre of Dorking on the southern side of the High Street. Dorking benefits from good road and rail connections with Junction 9 of the M25 located just 6 miles to the north, the two Dorking train stations are just 0.6 miles to the north and provide regular services to Croydon and London station via Redhill.
Dorking is a prosperous, affluent town with a large number of restaurants, bars, pubs and shops including a good mix of national and independent retailers.
Description & Accommodation
The property comprises an attractive, three storey building in the centre of Dorking.
The ground floor retail unit is currently occupied by a national estate agency and is fitted out to a good standard with a front retail section and rear, raised admin and office areas.
The first floor comprises a self-contained, one bedroom flat whilst the second and third floors comprises a self-contained, split level two bedroom flat.
The area immediately to the rear of the premises provides space to park four vehicles.
The premises have the following net internal floor areas:
Basement (from VOA) 265 sq.ft 24.58 sq.m
Ground Floor Shop 698 sq.ft 64.85 sq.m
First Floor 1 Bedroom Flat
Second / Third Floor 2 Bedroom Flat
Outside 4 onsite parking spaces
The ground floor shop is let to Sequence (UK) Ltd with a passing rent of £19,500 per annum. Interested parties should note that that Sequence (UK) Ltd are a subsidiary of the Connells Group which themselves are owned by the Skipton Building Society. The ground floor is let on a 10 year lease expiring July 2026.
The first floor flat is let to two individuals on an assured shorthold tenancy (AST) at a passing rent of £850 per calendar month which expires in September 2021. The second floor flat is let to an individual on an AST at a passing rent of £1,000 per calendar month which expires in September 2021.
The freehold interest is available to purchase for £715,000, subject to the existing lease and AST's.
Subject to Contract
VAT - We understand that VAT is not applicable to the purchase
Costs - Each party is to pay their own fees in relation to the purchase
EPC - EPC Rating - C65
The Valuation Office Agency describes the premises as ''Shop and Premises' with a 2017 rateable value of £16,500 the current UBR is 49.9 pence in the £.
Viewings - Strictly by appointment with White and Sons
104 High Street Dorking Surrey RH4 1AZ
Special thanks to Philip Dale from White & Sons who was professional and extremely helpful. Philip kept us updated throughout, and this made the selling process so much easier!"
Very good estate agent. Efficient and kept us informed throughout the process to a successful sale in these difficult and uncertain economic times."
I am so pleased I chose White & Sons to handle this sale your professionalism combined with a personal touch was impressive and I will always thoroughly recommend you."
You've been wonderful. To be honest, one of the best estate agents we have dealt with (and we have dealt with many!)""
We have found White & Sons to be a friendly and helpful company. Communication has been clear and easy. You have taken so much stress out of the process""