Prime mixed use investment in affluent commuter town

Dorking. 81-85 High Street

Asking (STC) £2,200,000
Net Initial Yield 7.25% on retail
Residential £315 per sq ft
  • Affluent and popular London commuter belt town
  • Location benefiting from increased remote working and relocations from London
  • Prime retailing pitch between the main Boots and Barclays Bank
  • Freehold mixed use building providing well configured retail and residential space
  • 6 tenanted flats on the two upper floors generating a gross income of £52,020 pa
  • Retail let to WH Smith Retail Holdings Ltd (t/a British Bookshops & Stationers) for 5.4 years, with WH Smith High Street Holdings Ltd as guarantor
  • Effectively a re-based rent following the taking back of the upper parts by the landlord
  • Part sub-let to Boots Opticians on a near co-terminus lease
  • Total current income of £120,020 pa