Retail in Newdigate available for sale
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Retail Properties for Sale near the Newdigate, Dorking

Retail Properties for Sale Within 5 miles of the Newdigate, Dorking

More details for 29-31 High St, Dorking - Retail for Sale

29-31 High St

Dorking, RH4 1AR

  • Retail for Sale
  • £770,000
  • 929 sq ft

Dorking Retail for Sale

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.<br /><br />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.<br /><br />Premises available Freehold with all existing tenancies remaining.<br />Offers in the region of £770,000 (no VAT)<br /><br />The ground floor retail element has recently been let under class "E" use at a headline rent of £30,000pa.<br />The apartments above are both let separately on AST agreements at £1,165pcm and £1,300pcm over the first and second floors.

Contact:

Owen Isherwood Ltd

Property Subtype:

Shopfront Retail / Residential

Date on Market:

19/02/2025

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More details for 63 West St, Dorking - Retail for Sale

63 West St

Dorking, RH4 1BS

  • Retail for Sale
  • £190,000
  • 372 sq ft
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FAQs about Retail property for sale in Newdigate

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in Newdigate?
There are currently 0 Retail Properties available for sale near Newdigate. These Newdigate Retail Property listings have an average size of. The largest available listing in Newdigate is. The thriving commercial centre and excellent transport links in Newdigate make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in Newdigate?
The average price/SF for Retail Property for sale in Newdigate is about. The cost per sq ft for Retail Property in Newdigate ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in Newdigate?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in Newdigate?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in Newdigate is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the Newdigate, Dorking

With 0 retail units currently available for sale in Newdigate, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in Newdigate, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in Newdigate, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in Newdigate can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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