282 - 284 High Street & Paper Mews Court Dorking Surrey RH4 1QT

  • 282 - 284 High Street & Paper Mews Court<br>Dorking<br>Surrey<br>RH4 1QT

282 - 284 High Street & Paper Mews Court
Dorking
Surrey
RH4 1QT

Freehold Retail Investment with Permitted Development to Convert Upper Parts to Residential

  • Shop let to DASW Limited (trading as Dorking Glass)
  • New 10 year shop lease renewal from 25th December 2018 (subject to option)
  • Shop tenant in occupation for over 15 years
  • Permitted Development granted in 2018 for conversion of part ground and upper parts from offices to residential (2 x one bedroom and 3 x studio flats)
  • Highly affluent commuter town
  • Nearby occupiers include Pizza Express, Café Rouge and ASK Italian
  • Lot
    24
  • Auction
    4th April 2019
  • Rent
    £11,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £478,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment with Permitted Development to Convert Upper Parts to Residential

  • Shop let to DASW Limited (trading as Dorking Glass)
  • New 10 year shop lease renewal from 25th December 2018 (subject to option)
  • Shop tenant in occupation for over 15 years
  • Permitted Development granted in 2018 for conversion of part ground and upper parts from offices to residential (2 x one bedroom and 3 x studio flats)
  • Highly affluent commuter town
  • Nearby occupiers include Pizza Express, Café Rouge and ASK Italian
  • Lot 24
  • Auction 4th April 2019
  • Rent £11,500 per Annum Exclusive
  • Status Sold
  • Price £478,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
14 miles east of Guildford
26 miles south-west of Central London
Roads
A24, A25, M25 (J9)
Rail
Dorking, Dorking Deepdene, Dorking West
Air
London Heathrow
Situation

Dorking is a highly affluent and attractive market town in Surrey, 26 miles south-west of central London, within the London commuter belt. The property is situated on the southern side of High Street, which provides extensive shopping facilities, together with a variety of cafés, restaurants and bars. The rear of the property fronts Paper Mews Court. The property benefits from being within walking distance to all three of Dorking’s train stations. Other nearby occupiers include Domino’s, Pizza Express, ASK Italian, Wimpy, Subway, Café Rouge and KFC.

Tenure

Freehold.

Location
Miles
14 miles east of Guildford
26 miles south-west of Central London
Roads
A24, A25, M25 (J9)
Rail
Dorking, Dorking Deepdene, Dorking West
Air
London Heathrow
Situation

Dorking is a highly affluent and attractive market town in Surrey, 26 miles south-west of central London, within the London commuter belt. The property is situated on the southern side of High Street, which provides extensive shopping facilities, together with a variety of cafés, restaurants and bars. The rear of the property fronts Paper Mews Court. The property benefits from being within walking distance to all three of Dorking’s train stations. Other nearby occupiers include Domino’s, Pizza Express, ASK Italian, Wimpy, Subway, Café Rouge and KFC.

Tenure

Freehold.

Description

The property comprises a ground floor shop and basement with office accommodation on part ground, first and second floors. Access to the offices is from the rear at Paper Mews Court. The property also benefits from parking to the rear.

VAT

VAT is applicable to this lot.

Planning

The property benefits from Permitted Development (granted 2nd July 2018) for conversion of part of the ground floor, along with the first and second floors to create five flats (2 x one bedroom and 3 x studio flats). Local Planning Authority: Mole Valley District Council. Ref: MO/2018/1130/PNO Tel: 01306 885001

Completion Period

Six Week Completion Available

EPC

Band D

Description

The property comprises a ground floor shop and basement with office accommodation on part ground, first and second floors. Access to the offices is from the rear at Paper Mews Court. The property also benefits from parking to the rear.

VAT

VAT is applicable to this lot.

Planning

The property benefits from Permitted Development (granted 2nd July 2018) for conversion of part of the ground floor, along with the first and second floors to create five flats (2 x one bedroom and 3 x studio flats). Local Planning Authority: Mole Valley District Council. Ref: MO/2018/1130/PNO Tel: 01306 885001

Completion Period

Six Week Completion Available

EPC

Band D

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Part Ground
Basement		 Retail
Ancillary		 30.29 sq m
19.90 sq m		 (326 sq ft)
(214 sq ft)		 DASW LIMITED
t/a Dorking Glass
(1)		 10 years from
25/12/2018 until
24/12/2028 (2)		 £11,500 25/12/2023
Part Ground
First
Second		 Office (3)
Office (3)
Office (3)
19.69 sq m
65.40 sq m
67.53 sq m
(212 sq ft)
(704 sq ft)
(727 sq ft)
 VACANT
(see planning
below)		 - - -
Total
202.81 sq m
(2,183 sq ft)
     £11,500  

(1) Dorking Glass was founded in 1939 and supplies and fits glass windows, doors and uPVC double glazing (Source: www.dorkingglass.co.uk).
(2) The lease is subject to a tenant option to determine on 25th December 2023.
(3) Gross Internal Areas.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Freemans Solicitors 22 Upper Woburn Place
London
WC1H 0HW
Howard Freeman 020 7935 3522hf@freemanssolicitors.net

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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