PROPERTIES

Lysander Court, 101-117 High Street, Dorking, Surrey RH4 1AL

Price£4,75,0000

PDF DETAILS

Lysander Court, 101-117 High Street, Dorking, Surrey RH4 1AL

  • Price£4,75,0000
  • Income£288,180 pa
  • Yield7.50%
  • SectorOther
  • StatusAvailable
PDF DETAILS

Prime Retail and Residential Freehold Investment Opportunity

Summary

  • Affluent Surrey market town.
  • Prime High Street retail pitch, close to Sainsbury’s, Marks & Spencer and Boots.
  • Two well configured retail units on ground floor with eleven high quality residential units above and to the rear.
  • Retail elements let to Fat Face Ltd (2023 expiry) and Halfords Ltd, sub-let to Mountain Warehouse (2027 expiry).
  • Eleven residential apartments let on Assured Shorthold Tenancies.
  • Total rent passing of £288,160 per annum.
  • Approximately 47% of the current income derived from the residential.
  • We are instructed to seek offers in excess of £4,750,000 which reflects an attractive 7.50% NIY on the commercial units (6.5% purchaser’s costs) and £363 per sq ft on the residential premises.