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Blackbrook House, Dorking

Dorking Office Park, Dorking, Surrey, RH4 1HJ

Summary

• Location
  Dorking
• Sector
  Office
• Size
  12,135 Sq Ft
• Tenure
  Virtual Freehold
• Tenant
  Multi Let
• Term
  6.76 Years
• Term Certain
  2.51 Years
• Passing Rent
  £255,030 per annum
• Passing Rent
  £21.00 per sq ft
• ERV
  £25.00 PER SQ FT
• Price
  £3.42 Million
• NIY
  7.00%
• RY
  7.79%
• Capital Value
  £282 per sq ft

More Information

• Location Highlights

  Dorking is an affluent commuter town, located 27 miles south of London. The Property is situated within Dorking Office Park, immediately adjacent to Dorking West Railway Station.

• Description Highlights

  The Property provides a 12,135 sq ft office building, which was fully refurbished in 2018. The building is accessed via an imposing full height glazed reception. The offices benefit from excellent floor to ceiling heights including 3.5 metres at ground floor and 2.6 metres at first floor. There are a total of 41 car parking spaces, across surface and undercroft levels.

• Rent Highlights

  Fully let to four tenants including, Cordell & Co Solicitors, Trentham Invest, Shift F7 and Field Systems. The property is let off a low average rent of £21.00 per sq ft. We are of the opinion that the income is reversionary to £25.00 per sq ft, which has been achieved on the Park since lockdown.

Gallery

Prime South East Office Investment

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. January 2021