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Glassworks 3 Station Rd 7,087 sq ft Office Property Dorking RH4 1HJ £2,100,000 (£296.32/sq ft) 8.50% Net Initial Yield
Investment Highlights
- The tenant has undertaken a comprehensive fit-out costing approximately £500,000.
- Fully underpinned by residential alternative use with Building 2 on the park being converted under permitted development rights.
- Excellent covenant with an Experian rating of 100/100, reflecting ‘Very Low Risk’.
Executive Summary
Building 3 comprises a modern two storey office building, providing 7,152 sq ft of Grade A accommodation. A comprehensive refurbishment of the property was completed in February 2022.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
7,087 sq ft
Costar Property Class
B
Year Built
1984
Price
£2,100,000
Price per sq ft
£296.32
Yield
8.50%
NOI
£178,500
Tenancy
Single
Number of Floors
2
Typical Floor Size
3,544 sq ft
Plot ratio
0.37
Total Plot Size
0.44 ac
Parking
26 Spaces (3.67 Spaces per 1,000 sq ft Leased)
Amenities
- Storage Space
- Air Conditioning
- Raised Floor System
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Glassworks 3 | Station Rd
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