High Street, Dorking, RH4

High Street

investment for sale

  • Reference Number rps_was-DOC210028
  • Agent White & Sons Commercial Property
  • Agent Number 01306 743344

£715,000

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.

Location
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

Tenancies
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.

Terms
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

Business Rates
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

Key Features

High Street, Dorking, RH4
  • Rare opportunity to acquire a town centre, mixed use investment
  • Excellent town centre location
  • Ground floor retail unit let to a national estate agency for £19,500 per annum
  • Upper parts comprise two, self-contained flats producing £22,200 per annum in total
  • Parking area to the rear
  • Freehold interest available for £715,000

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Address

104 High Street Dorking Surrey RH4 1AZ

Telephone

01306 743344

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