A tenanted, second-floor, leasehold flat with an extent of 387 SQFT located on Dorking High Street with a gross annual yield of 9.0% (Title number: SY835103)
FOR SALE BY AUCTION: To be sold by public auction on the executor's instructions. A tenanted (£825.00 PCM), second-floor, leasehold flat (99 years from 1 January 2016) with an extent of 387 SQFT located on Dorking High Street with a gross annual yield of 9.0%. The service charge is £976.67 biannually. To be sold via online bidding on Friday, 30 May 2025.
Auctioneer's comments: 'An opportunity to buy a ready-made high yield property in a popular area of Surrey.'
Auction date
The property is to be sold by public auction on Friday, 30 May 2025 via a 2-hour online bidding window.
Description
One bedroom, second floor, tenanted, leasehold
Location
Dorking, Surrey, 0.6 miles to Dorking railway station, 0.4 miles to Dorking Deepdene railway station, 0.7 miles to Dorking West railway station
Accommodation
Second floor: living room/kitchen, bedroom, bathroom
Outside
Communal entrance
EPC rating
C
Tenure
Leasehold
99 years from 01 January 2016
Service charge
£976.67 biannually
Local authority and council tax band
Surrey County Council
Mole Valley District Council
Council tax band: B
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 2.5% plus VAT (min. fee of £2,100.00 plus VAT) of the purchase price and auction buying fee of £1,900.00 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
Lot 121 - Flat 2, 304 High Street, Dorking, Surrey, RH4 1QX
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