October 2022: Tuesday 04 October 2022 - 9:00am
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Floorplan
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    Key features

    • Investment let at £37,860 per annum
    • 2 Flats - 1 one bed and 1 two bed in moderate condition and let out on an AST
    • Located in the picturesque town of Dorking
    • Antique shop and Coffee bar has been operating since 2008
    • 238 High Street, Dorking was sold for £710,000 in December 2021 (info from Land Registry)
    • VAT free investment
    • 6 weeks completion

    Description

    1st Floor Flat - Virtual Tour Click Here

    2nd & 3rd Floor Flat - Virtual Tour Click Here

    Mid terrace building forming part of an established shopping parade; The tenant in the Ground and Basement floor has been operating the Antique and Coffee Bar since 2008.

    Nearby occupiers include Barnard Marcus (adjacent), Superdrug, Holland & Barrett, Domino's as well a range of boutique and independent retailers.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note that the areas have been taken from the VOA/provided by the client and the property has not been inspected by Savills.

    Basement - Retail unit - Not measured

    Ground Floor - Retail Unit an approx. 85.74 sqm (923 sq ft)

    First Floor Flat - Two Rooms, Kitchen, Bathroom/WC an approx. 56.02 sqm (603sq ft)

    Second and Third Floor Flat - Three Rooms, Kitchen, Bathroom/WC and approx. 84.54 sqm (Approx. 910sq ft)


    Tenancy

    242 High Street


    Ground Floor and Basement

    • Let for a term of 15 years from 12 November 2009
    • FRI lease
    • Rent deposit Held on account
    • Investment let at £16,260 p.a.
    • £500 p.a. service charge received p.a.

    Flat 1

    • Let on an 12 month AST from 16/10/2021
    • Investment let at £9,900 p.a.

    Flat 2

    • Let on an 12 month AST from 12/01/2018 Holding Over
    • Investment let at £11,700 p.a.

    Rent

    £37,860 p.a.

    Notes

    Please note the site areas provided are approximate. The photos, floor plans and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. Prospective purchasers must rely upon their own enquiries in this regard. Please note that the virtual tours were taken in 2021

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated a short distance from the junction of Dean Street

      Shopping facilities are available locally along with a good selection of cafes bars and restaurants

      Recreational facilities can be found at Meadowbank Recreation Ground which is a short distance away

      Nearby road communications are via the A24 and A2003

      Transport

      Dorking, West Dorking, Deepdene (National Rail)

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums