Prominent Retail Investment
Prominent Retail Investment
Dorking is a highly affluent market town within the London commuter belt. The property is prominently situated in the heart of the town centre on the south side of South Street, at its busy junction with High Street (A25), North Street and West Street. The property benefits from being close to the St Martins Walk Shopping Centre. St Martins Walk houses occupiers including Côte, Vodafone and Millets and provides one of the towns principal car parks with around 370 spaces. Other neighbouring occupiers include Costa, Boots, Clarks, WH Smith and Sainsburys. The property benefits from being within walking distance of Dorking Main and Dorking Deepdene Rail Stations.
Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.
Dorking is a highly affluent market town within the London commuter belt. The property is prominently situated in the heart of the town centre on the south side of South Street, at its busy junction with High Street (A25), North Street and West Street. The property benefits from being close to the St Martins Walk Shopping Centre. St Martins Walk houses occupiers including Côte, Vodafone and Millets and provides one of the towns principal car parks with around 370 spaces. Other neighbouring occupiers include Costa, Boots, Clarks, WH Smith and Sainsburys. The property benefits from being within walking distance of Dorking Main and Dorking Deepdene Rail Stations.
Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.
The property comprises the ground floor and basement retail accommodation which forms part of a larger building comprising residential flats.
VAT is not applicable to this lot.
Six Week Completion
Available from the legal pack at acuitus.co.uk
The property comprises the ground floor and basement retail accommodation which forms part of a larger building comprising residential flats.
VAT is not applicable to this lot.
Six Week Completion
Available from the legal pack at acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Retail Ancillary |
147.65 sq m 63.89 sq m |
(1,589 sq ft) (688 sq ft) |
WATERSTONES BOOKSELLERS LIMITED (1) |
10 years from 30/05/2013 on a full repairing and insuring lease. |
£40,000 | 29/05/2023 |
| Total |
211.54 sq m |
(2,277 sq ft) |
£40,000 | ||||
(1) For the year ending 27th April 2019, Waterstones Booksellers Limited reported a turnover of £392,776,000, pre-tax profits of £27,702,000 and a total net worth of £39,508,000 (Source: Experian Group 21/2/2020).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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