Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment located on a prime pitch in the centre of Dorking.
Arranged as two retail units with residential upper parts sold off on a long leasehold basis, the property is fully let and producing a total income of £25,250 per annum.
No. 78 is let to Dorking Travel on a five year lease expiring 31/12/2027 and paying £15,600 per annum.
No. 82 is let to Villasaway Limited on a five year lease expiring 31/12/2027 and paying £9,600 per annum.
The upper parts comprise two flats and are sold of on separate 125 year long leaseholds generating a ground rent of £25 per annum per flat.
We consider the property provides an asset management opportunity via regearing/renewing the existing leases and generating further income security.
The property occupies a prime pitch on Dorking High Street. Nearby tenants include Boots, Waterstones, Fat Face and Sainsburys.
Tenure
Freehold
Accommodation
Please see the below Tenancy Schedule and Legal Pack for more information.
Rent