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208 High St 880 sq ft 100% Let Retail Property Dorking RH4 1QR £495,000 (£562.50/sq ft)
Investment Highlights
- Retail Tenant on a new 21-year lease from June 2024 at £20,000pa.
- Business in situ operating for a number of years, having a recent change in management.
- Desirable location with retail vacancy rates within Dorking around 10% - 11% - well below the national average.
- Two-bedroom duplex apartment above let on an AST at £14,160pa.
- Total income of £34,160pa.
Executive Summary
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. This unit is let on a 21-year lease from June 2024
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.
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.
Strictly by appointment only with Owen Isherwood as the Sole Agent.
C(62) - Retail Unit
C(69) - Apartment
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.
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.
Strictly by appointment only with Owen Isherwood as the Sole Agent.
C(62) - Retail Unit
C(69) - Apartment
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
880 sq ft
Costar Property Class
B
Year Built
1800
Price
£495,000
Price per sq ft
£562.50
Occupancy Rate
100%
Number of Floors
3
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- -
- 871 sq ft
- -
- -
Our Victoria branch Established in 1992. It offers full dry cleaning, laundry, pickup and alteration service. We even offer to collect and return items in Victoria upon request. Knights Drycleaners is the revolutionary dry cleaning provider for the year 2000 and beyond...... our main ambition was to be a leading dry cleaning outlet and offer a premium service to our exclusive cliental, which to you loyalty and feedback we have been able to achieve over a short period of time.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
|
- | 871 sq ft | - | - |
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Nearby Major Retailers
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Owen Isherwood Ltd
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208 High St
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