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29-31 High St 929 sq ft Retail Property Dorking RH4 1AR £770,000 (£828.85/sq ft)

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INVESTMENT HIGHLIGHTS

  • Freehold Investment Property
  • Prime Central Dorking Location
  • Ground Floor Retail premises let on a 10-year lease at £30,000pa
  • Grade II listed building
  • Mixed-use premises
  • Retail Unit available with Vacant Possession for Owner-Occupation
  • Two residential apartments (both 3-bed and 2-bed) above let on AST agreements at £1,165 pcm and £1,300 pcm

EXECUTIVE SUMMARY

This Grade II Listed premises if of brick-and-slate construction typical of the area. An arch with road access for a single, small vehicle at the right-hand side of the subject unit is formed from a first-floor extension from neighbouring 37-39 High Street. A ground-floor terrace is formed to the left side of the unit which is occupied by a retail café franchise. Internally the unit has been well maintained with even, vinyl flooring and paneled walls decorating the unit internally. A suspended ceiling with LED lighting has also been fitted, providing a neutral décor.

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, and 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.

Premises available Freehold with all existing tenancies remaining.
Offers in the region of £770,000 (no VAT)

The ground floor retail element has recently been let under class "E" use at a headline rent of £30,000pa.
The apartments above are both let separately on AST agreements at £1,165pcm and £1,300pcm over the first and second floors.

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
929 sq ft
Costar Property Class
B
Year Built
1910
Price
£770,000
Price per sq ft
£828.85
Tenancy
Single
Number of Floors
3
Plot ratio
0.30
Total Plot Size
0.07 ac

AMENITIES

  • Storage Space

NEARBY MAJOR RETAILERS

Sainsbury's
Costa Coffee
Starbucks
Lloyds Bank Plc
Anyitme Fitness
Waitrose & Partners
KOKORO
Morrisons
Nisa
  • Listing ID: 34871668

  • Date on Market: 19/02/2025

  • Last Updated:

  • Address: 29-31 High St, Dorking RH4 1AR

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