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
    24
  • Auction
    21/May/2020
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 1, 3, 5 South Street<br>Dorking<br>Surrey<br>RH4 2DY
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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 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.

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 from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
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.
£40,00029/05/2023
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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    01.05.20
    File Size
    446 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.20
    File Size
    629 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Boodle Hatfield 240 Blackfriars Road
London
SE1 8NW
Dennis Ko 020 7079 8182dko@boodlehatfield.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now