Let to Surrey and Borders Partnership NHS Foundation Trust
Approximately 6,748 sq ft (7,764 sq ft Gross Internal) with excellent rear parking
Future residential conversion potential (subject to lease and consents)(2)
Prominent town centre site - approximately 0.44 acres
Highly affluent Surrey market town
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 9
Auction 13th October 2016
Rent £94,052 per Annum Exclusive
Status Sold
Price £1,200,000
Sector Medical/Healthcare
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Aviva Investors
Property Information
Location
Miles
7 miles west of Reigate, 13 miles east of Guildford, 25 miles south-west of Central London
Roads
A24, A25, M25
Rail
Dorking and Dorking West Railway Stations
Air
London Gatwick Airport
Situation
Dorking is a highly affluent market town within the London commuter belt. The property is situated on the south side of West Street (A25), opposite its junction with Station Road, just to the west of the town centre. The property is located adjacent to the Old Fire Station, which has been converted to residential flats, and Pets Corner. Retailers represented within the town include Waitrose, Marks & Spencer, Sainsbury's, Costa, Boots the Chemist, WHSmith, Fat Face and Superdrug, with a number of independent office occupiers being located close by.
Tenure
Long Leasehold. Held for a term of 125 years from 29th September 1982 from The County Council of Surrey at a peppercorn rent.
Location
Miles
7 miles west of Reigate, 13 miles east of Guildford, 25 miles south-west of Central London
Roads
A24, A25, M25
Rail
Dorking and Dorking West Railway Stations
Air
London Gatwick Airport
Situation
Dorking is a highly affluent market town within the London commuter belt. The property is situated on the south side of West Street (A25), opposite its junction with Station Road, just to the west of the town centre. The property is located adjacent to the Old Fire Station, which has been converted to residential flats, and Pets Corner. Retailers represented within the town include Waitrose, Marks & Spencer, Sainsbury's, Costa, Boots the Chemist, WHSmith, Fat Face and Superdrug, with a number of independent office occupiers being located close by.
Tenure
Long Leasehold. Held for a term of 125 years from 29th September 1982 from The County Council of Surrey at a peppercorn rent.
Description
The property comprises a medical centre/offices at ground and first floors. There is car parking for approximately 36 cars to the rear. The property benefits from a site area of approximately 0.44 acres.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a medical centre/offices at ground and first floors. There is car parking for approximately 36 cars to the rear. The property benefits from a site area of approximately 0.44 acres.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground First
Office/Medical Centre Office/Medical Centre
304.52 sq m 322.36 sq m
(3,278 sq ft) (3,470 sq ft)
SURREY AND BORDERS PARTNERSHIP NHS FOUNDATION TRUST (1)
10 years from 28/09/2007 on a full repairing and insuring lease
£94,052
27/09/2017
Totals
626.88 sq m
(6,748 sq ft)
£94,052
(1) Surrey and Borders Partnership NHS Foundation Trust are one of the leading providers of specialist mental health, drug and alcohol and learning disability services for people of all ages in southern England. The property is run as a Community Mental Health Recovery Service Centre. Surrey and Borders Partnership NHS Foundation Trust currently employ approximately 2,300 staff across 47 sites, serving a population of 1.3 million. (Source: www.sabp.nhs.uk 08/09/2016). (2) Under the terms of the headlease, the property is to be used exclusively for office and or residential purposes and/or as a Community Mental Health Centre or Outpatients Clinic.