Dorking Road, KT23

This compelling mixed-use freehold property in the desirable area of Bookham presents an excellent investment opportunity. Currently, it is fully tenanted with a dog grooming business occupying the commercial unit on a secure 10-year lease that commenced in October 2020, yielding an annual rental income of £8,000. The lease entails scheduled rent reviews at various intervals, ensuring potential for future income growth. The commercial space spans approximately 507 sq ft and is complemented by convenient off-street parking for customers. Above the commercial unit, a separate flat is rented under an Assured Shorthold Tenancy (AST) for £850 per month. It boasts its own private entrance, enhancing tenant privacy and adding marketability. The flat includes a double bedroom, a roomy front-facing living room, a separate kitchen, and a bathroom within approximately 495 sq ft of living space. Furthermore, there was previously submitted planning permission to build an additional flat at the rear of the premises; while this has lapsed, it indicates potential for future development subject to approval. This property not only generates reliable income but also offers avenues for value enhancement through potential renovations or new developments.