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Lot 2

6 Week completion

SITUATION

Located in this predominantly residential area approx. 1/2 mile south of the Town Centre.
Dorking is an affluent town approximately 5 miles from Junction 9 of the M25 and 22 miles from central London.

PROPERTY

An end of terrace building comprising a Ground Floor Public House and Basement with internal access to a 1 Bedroom Flat at first floor level. In addition, the property benefits from a private Beer Garden to the rear and gas central heating.

ACCOMMODATION

Ground Floor Public House
Gross Frontage 20'6''
Internal Width 18'9''
reducing to 15'9''
Pub Depth 41'1''
Built Depth 57'6''
Kitchen 15'8'' × 5'2''
Ladies & Gents WCs
Basement Area Approx. 335 sq ft
First Floor Flat
Lounge with Galley Kitchen, Bedroom, Shower/WC

VAT is applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to L. F. Dye trading as The Prince Of Wales Public House for a term of 25 years from 29th September 2006 at a current rent of £27,601 per annum exclusive (see Note 1).

Rent Reviews 2016 (see Note 1), 2021 (Minimum increase to £30,965p.a) and 2026.

Note 1: The 29th September 2016 Rent Review is still outstanding and the rent is to be reviewd to OMV, subject to a minimum of £27,601p.a.

Note 2: The property may be suitable for residential conversion in the future, subject to obtaining possession and the necessary consents.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

The Prince of Wales, 55 Hampstead Road, Dorking, Surrey RH4 3AH