South Street, Dorking

Offers in the Region, £765,000 For Sale

Property Description

  • Comprising two shops, one office and one flat
  • Fully let mixed use opportunity
  • Located in the town centre with established Tenants
  • Includes one two bedroom flat subject to an AST

ACCOMMODATION SUMMARY

No.74:  Self contained first floor office premises with pavement access approx. 550 sq ft (51.09 sq m).

No.76:  Double fronted shop unit good depth let to established wine merchant 1,158 sq ft (107 sq m).

No.76a A self contained two bedroom first floor flat currently let unfurnished @ £ 825 pcm.

No.78:  Lock up retail unit. Retail area 468 sq ft (43.48 sq m). Kitchen/storage area 95 sq ft (8.83 sq m)

GUIDE  PRICE

Offers in the region £765,000 for the freehold interest

TENURE

Freehold sale with each separate premises being subject to an existing lease (as noted below).

VAT

We are advised that the premises is not elected for VAT at present.

LEASE & TENANCY SCHEDULE

The premises are subject to the following leases:

Address

Tenant

Term

Current Rent (pa)

Next Review

Notes

No. 74

Taylor Williams Daley Ltd

10 years

From 24.6.16

£9,000

26.6.21

Let on internal repairing basis. Tenant break option 26.6.21

No. 76

The Vineyard

15 years

From 1.1.19

£21,000

1.1.24

& 1.1.29

Let on FR&I basis. New lease being finalised Tenant break options 1.1.24 & 1.1.29

No. 76a

Individuals

AST

From 28.11.18

£825pcm/£9,900

N/A

 

No. 78

Specialist Recruit International Ltd

5 years

From 15.7.17

£10,500

15.7.20

Let on FR&I basis. Tenant break option 15.7.20. Lease subject to cap on external repairs

COSTS

Each party are to bear their own costs in the transaction

BUSINESS RATES

From internet enquiries only the business rate assessment is as follows:

Rateable Value

No. 74                                       £7,500

No. 76                                       £15,750

No. 78                                       £8,900

Uniform Business Rate                £0.504 (April 2019 – March 2020)

Interested parties should verify this information and any transitional adjustments prior to

entering into any contract.

EPC

EPC’s are available for these properties.

No 74 has been rated D (84)

No 76 has been rated C (60)

No 78 has been rated C (68)

The flat has been rated E (45)

A full copy of the EPC’s is available upon request.

VIEWING

Strictly by appointment with the Landlord’s Agents Robinsons telephone 01306

 

 

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