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For Sale by Auction on 12th December 2024, Retail & Residential Investment, 234-236 High Street, Dorking, RH4 1QR

3,682 Sq Ft / Retail / Investment

For Sale

Available - Last updated: 25 November 2024

For Sale by Auction on 12th December 2024

A mid-terraced building of traditional construction beneath a pitched roof. The building is arranged as a ground floor retail unit with x1 one bedroom self-contained flat and x1 two bedroom flat at first and second floor levels, both accessed from the rear (know as 5 The Chine). There is additional ancillary accommodation at basement level.To the rear of the property are two maisonettes, these being x1 one bedroom and x1 two bedroom presented in very good order (refer to tenancy schedule below).

There is an ongoing insurance claim with regards to a water leak within the retail unit and prospective buyers should refer to the legal pack for further information.  

Location

Dorking is a market town in Surrey lying approximately 25 miles south west of Central London and 12 miles east of Guildford. It can be accessed via the A24 and A25, with the former linking with the M25 motorway at junction 9 approximately 6 miles to the north. The town is served by three railway stations, these being Dorking, Dorking Deepdene and Dorking West railway stations providing regional rail links as well regular direct services to London Victoria and London Waterloo. Additionally numerous bus routes serve the area and London Gatwick Airport lies approximately 11 miles to the south east.

High Street is the principle retail thoroughfare in the town centre with the property lying on its south side near the junction with The Chine. Notable nearby occupiers include Pizza Express, Cancer Research, Nationwide, Superdrug and Holland & Barrett.

Accommodation

234 High Street

Ground Floor Retail - 59.50 sq m (640 sq ft)

Basement Ancillary - 20.50 sq m (220 sq ft)

Flat 1 (5 The Chine - First Floor - Two bedroom flat - 50 sq m (536 sq ft)

Flat 2 (5 The Chine - First/Second Floor - Two bedroom flat - 78.20 sq m (841 sq ft)

Maisonette 1

Ground Floor/First Floor - Kitchen/reception room, balcony, bedroom, bathroom/wc, utility - 60.70 sq m (654 sq ft)

Maisonette 2

Lower Ground/Ground Floor/First Floor - Bedroom, bathroom/wc, bedroom, bathroom/wc, kitchen/reception rom, terrace/balcony - 73.50 sq m (791 sq ft)

Terms

Tenure - Freehold

Guide Price* - £925,000 - £950,000

Bidder Security £9,000 *fully refundable if unsuccessful bidder

Specification

  • Freehold retail and residential investment
  • Town centre High Street location
  • Retail unit trading as a funeral director
  • Includes x2 tenanted two bedroom flats above the retail
  • Also includes a vacant one bedroom maisonette and a vacant two bedroom maisonette to the rear
  • Asset management opportunities
  • 6 week completion available
  • Producing £41,700 per annum (plus two vacant residential units)
  • On the instructions of Stephen Skinner and Tim Simmons of Sanderson Weatherall as Joint LPA Receivers

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price - £925,000 - £950,000 For Sale Freehold NA NA

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Contact agents

Agency Team

BidX1 Commercial

020 3151 9502

Simon Bailey

BidX1 Commercial

020 3151 9486

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