Hampstead Road, Dorking

£400,000

LOCATION

The premises is located halfway along Hampstead Road, which is a residential street of mixed housing stock mainly consisting of houses of the Victorian era just off the Horsham Road, within walking distance of Dorking town centre. Vehicular access to both Dorking and the A25 to the north and A24 via Flint Hill just south provides excellent road links.

DESCRIPTION

The premises forms the end of a terrace of residential properties and has operated as the Prince of Wales Public house to date. It comprises of the ground floor operating as the pub with bar area, WC’s ancillary area, small front forecourt and rear courtyard garden. There is a spacious basement and the first floor currently accessed internally forms a one bedroom self-contained flat as staff accommodation. The pub is ceasing trading and available to purchase with full vacant possession.

We consider the building offers versatile scope for a range of commercial uses and/or conversion to residential STPP. A stage 1 feasibility study was undertaken in 2018 to assess the scope for redevelopment and provided three options to provide 2-3 residential dwellings.

SUMMARY OF EXISTING ACCOMMODATION

Ground floor public house              816 sq ft 80m2

First floor residential flat                 430 sq ft 40m2

Basement                                          323 sq ft 30m2

GUIDE PRICE

Offers in excess of £400,000 + VAT for the freehold interest, subject to contract with full vacant possession upon completion.

TITLES

The site is available for sale freehold with full vacant possession upon completion under the existing Title SY351928. The premises is available for immediate purchase with full vacant possession and upon sale the existing lease granted to the public house operator will be extinguished by mutual agreement between the existing parties.

VAT

We are advised that the premises are elected for VAT and therefore VAT will be charged on the sale.

BUSINESS RATES

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

Rateable Value                 £4,400 (current assessment of the whole)

Uniform Business Rate       £0.504 (April 2021 – March 2022)

EPC

This property has a rating of C(70) and is valid until 11.11.26– copy of the EPC is available.

VIEWING

Strictly by appointment with the Landlord’s Sole Agents Robinsons, telephone 01737 229200

 

 

  • Freehold public house with development potential subject to planning consent
  • The premises could suit a variety of other commercial uses subject to planning
  • There has been a past viability study to investigate options for redevelopment to provide for adaption to provide three dwellings
  • Self-contained first floor flat
  • Front forecourt and rear garden plus cellar

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