(GROSS YIELD 15.5%)
6 Week completion
Located on the main retail thoroughfare in the town centre, adjacent to New Look and opposite Boots, Shoe Zone and Halifax as well as being amongst other multiples including Vodafone, Costa Coffee, HSBC, Peacocks, Marks & Spencer and many more.
Dover is a famous port being one of the major crossing routes to the Continent, and is approximately 70 miles south-east of London with easy access via the A20 which links with the M20 (Junction 12).
A mid terrace building comprising a Large Ground Floor Shop with internal access to Ancillary Accommodation on the first, second and third floors. In addition, the property benefits from a common service area to the rear for unloading.
Ground Floor Shop
Sales Area Approx. 1,832 sq ft
Second Floor(Not used)
Area Approx. 1,556 sq ft
Second Floor Ancillary
Area Approx. 597 sq ft
Third Floor Ancillary
Area Approx. 461 sq ft
Total Area Approx. 4,446 sq ft
1 Not inspected by Barnett Ross. Areas supplied by Vendor.
VAT is applicable to this Lot
The entire property is let on a full repairing and insuring lease to Kruidvat Real Estate UK Ltd t/a Savers (having over 380 UK branches) who are a wholly owned subsidiary of A S Watson Group (who have over 10,000 stores worldwide) for a term of 5 years from 22nd December 2010 (holding over) at a current rent of £38,900 per annum exclusive.
There may be potential to convert the upper part into residential accommodation, subject to obtaining possession and the necessary consents.