1 bed flat for sale

High Street, Dorking RH4

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.

To view
The property can be viewed by booking onto one of the advertised managed block viewings. Once you have registered to bid by setting up your online bidding account, you will be emailed a Calendly link to do this. Each block viewing is strictly 30 minutes, and no ad hoc viewings will be available. In most cases, a video tour will be available.

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

Outside:
Communal entrance

Accommodation
Second floor: Living room/kitchen, bedroom, bathroom

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.