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Lot 35 Click here for addendum

6 Week completion

SITUATION

Located on the main retail thoroughfare in the town centre, adjacent to Savers and opposite Boots and Halifax as well as being amongst other multiples including Shoe Zone, 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).

PROPERTY

A corner building comprising a Large Ground Floor Shop with internal and separate side access to Ancillary Accommodation on the first floor. In addition, the property includes a Basement and benefits from a common service area to the rear for unloading.

ACCOMMODATION

Ground Floor Shop
Area Approx. 3,210 sq ft
Basement
Not inspected
Second Floor(Not used)Area Approx. 1,729 sq ft
WC's

Total Area Approx. 4,939 sq ft
plus Basement

VAT is applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to New Look Retailers Limited (having 591 UK branches) (T/O for Y/E 26/03/16 £1.399bn, Pre-Tax Profit £178.5m and Shareholders' Funds £375.7m) for a term of 5 years from 21st August 2015 at a current rent of £30,000 per annum exclusive.

*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.

64 Biggin Street, Dover, Kent CT16 1DD