Lot 96 - 86 High Street, Dorking, Surrey, RH4 1AY
 
 

About the property

High Yielding Shop Investment

Mole Valley District Council

Situated in a prominent position on the High Street, close to a number of major retailers. Dorking Train Station provides services into London Victoria.

A Ground Floor Shop Premises.

Let on a new fully repairing and insuring lease to Tarique Mohammed for 15 years from 1st October 2020 at £16,000 per annum with five yearly rent reviews. The tenant has paid a £4,000 plus VAT deposit.

Producing £16,000 per annum

Leasehold for a term of 999 years at a peppercorn ground rent.

Note: There is a rent free period for 6 months from 1st October 2020.

EPC Rating: TBC

Inspection: By arrangement with the Auctioneers

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Legal Documents
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*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,000 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

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