Freehold mixed-use investment in central Dorking.
Summary
- Retail Tenant on a new 21-year lease from June 2024 at £20,000pa.
- Two-bedroom duplex apartment above let on an AST at £14,160pa.
- Total income of £34,160pa.
- Business in situ operating for a number of years, having had a recent change in management.
- Desirable location with retail vacancy rates within Dorking around 10% - 11% - well below the national average.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Shop Floor | 869 | 80.73 | Let |
| 1st - 1st & 2nd Floor Apartment | 484 | 44.97 | Let |
| Total | 1,353 | 125.70 |
Location
The town of Dorking is situated within the home counties, occupying a sought-after area within the Surrey Hills area of outstanding beauty.
Being a fifteen-minute drive from the M25 ring-road around London, fifteen minutes away from Reigate due East, as well as a short twenty-minute drive West towards Guildford.
Public transport connections include three national railway stations into the capital and on to the South Coast, as well as bus connections along the High Street to nearby towns.
Get directions from Google Maps
Mainline Stations
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Dorking (Deepdene)8 mins
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Dorking West10 mins
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Dorking11 mins
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Box Hill and Westhumble28 mins
Underground Station
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Tadworth110 mins
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Tattenham Corner125 mins
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Kingswood128 mins
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Epsom Downs142 mins
Further Information
Price Offers in the region of £495,000
Rates Payable £7,609.75 per annum
Description
The premises are occupied by a retail tenant on the ground floor operating as a dry cleaner with all appropriate fixtures, fittings and equipment in situ. The unit is set over a single ground floor separated by stairs to the rear, with the initial shop floor having partition walls separating the front from the rear.
Set directly above and separately from the retail unit is a two-bedroom apartment set over both the first and second floors. This is currently occupied under and AST agreement and falls within the Homes Act 2018.
Viewings
Strictly by appointment only with Owen Isherwood as the Sole Agent.
EPC
C(62) - Retail Unit
C(69) - Apartment
Tenure
Retail unit is let on a 21-year lease from June 2024 at £20,000pa.
Apartment above currently occupied under on an AST agreement and falls within the Homes Act 2018 at £14,160pa.
Gallery
