1, 3, 5 South Street Dorking Surrey RH4 2DY

1, 3, 5 South Street
Dorking
Surrey
RH4 2DY

Prominent Retail Investment

  • Let to Waterstones Booksellers Limited
  • Prominent location in affluent commuter town
  • VAT-free investment
  • Neighbouring occupiers include Costa, Sainsbury's, Boots, Côte, Vodafone, Waitrose and HSBC
  • Lot
    33
  • Auction
    26th March 2020
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
Important Update
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* More information on the term "guide" can be found here

Prominent Retail Investment

  • Let to Waterstones Booksellers Limited
  • Prominent location in affluent commuter town
  • VAT-free investment
  • Neighbouring occupiers include Costa, Sainsbury's, Boots, Côte, Vodafone, Waitrose and HSBC
  • Lot 33
  • Auction 26th March 2020
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN

Property Information

Location
Miles
25 miles south of Central London
7 miles west of Reigate
13 miles east of Guildford
Roads
A24, A25, M25
Rail
Dorking Rail Station
(direct line to London Victoria 55 minutes)
Air
London Gatwick Airport, London Heathrow
Situation

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 town's principal car parks with around 370 spaces. Other neighbouring occupiers include Costa, Boots, Clarks, WH Smith and Sainsbury's. The property benefits from being within walking distance of Dorking Main and Dorking Deepdene Rail Stations.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.

Location
Miles
25 miles south of Central London
7 miles west of Reigate
13 miles east of Guildford
Roads
A24, A25, M25
Rail
Dorking Rail Station
(direct line to London Victoria 55 minutes)
Air
London Gatwick Airport, London Heathrow
Situation

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 town's principal car parks with around 370 spaces. Other neighbouring occupiers include Costa, Boots, Clarks, WH Smith and Sainsbury's. The property benefits from being within walking distance of Dorking Main and Dorking Deepdene Rail Stations.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn rent.

Description

The property comprises the ground floor and basement retail accommodation which forms part of a larger building comprising residential flats.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available at acuitus.co.uk

Description

The property comprises the ground floor and basement retail accommodation which forms part of a larger building comprising residential flats.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available at acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Reversion
Ground
Basement
Retail
147.65 sq m
16.9 sq m
(1,589 sq ft)
(182 sq ft)
WATERSTONES
BOOKSELLERS
LIMITED (1)
10 years from
30/05/2013 on a full
repairing and
insuring lease.
£40,000 2023
Total
164.55 sq m
(1,771 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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Site Plan
    Updated Date
    04.03.20
    File Size
    803 KB
    View PDF
  • Catalogue Page
    Updated Date
    04.03.20
    File Size
    801 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Boodle Hatfield 240 Blackfriars Road
London
SE1 8NW
Dennis Ko 020 7079 8182dko@boodlehatfield.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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