Property for sale

Adjoining mixed use freehold premises for sale in Dover High Street. The ground floor comprises of commercial retail shops with the upper floors being residential. The premises is currently 50% occupied with four separate titles.

 About Dover: Dover is a main ferry port in Kent and known as the gateway to the continent controlling the English Channel. Dover council will be constructing a redevelopment plan known as The Beacon Project which would see a redevelopment of an area of Bench Street and will be funded with a £21 million investment from the Government. The project will deliver £90 million of economic benefit which include a education campus, a business centre, a creative centre, a riverside park let and an expansion of the Dover bike hire scheme. The Garden Village in Aylsham Village will produce 1,292 new homes and has been in operation since 2014. The final stage is set to begin 2024. A £34 million Dover fast track will see the launch of a zero-emission bus route which will connect buses from Whitfield to Dover

 
Internal Commercial Floor Space: 2,100 sq/ft

 SHOP ONE:

Shop floor 14.4 x 2.8 meters

Toilet - 1.6 x 0.8 meters

Storage room 1.4 x 1.0 meters

Storage room 2 5 x 1.11 meters

FLAT ONE:

Living room/kitchen - 4.4 x 2.6 meters

Bedroom - 3.17 x 1.7 Meters

En-suite - 3.11 x 1.3 meters

Bedroom - 3.9 x 3.5 meters

SHOP 2:

Shop floor 9.00 x 3.4 meters

Storage room 2.7 x 2.5 meters

Toilet 2.5 x 0.99 meters

 
FLAT TWO:

 Living room 7.5 x 2.3 meters

Kitchen 3.5 x 1.2 meters

Bathroom 2.2 x 2.4 meters

Bedroom 3.9 x 3.6 Meters

Storage room 2.0 x 0.9 Meters

 EPC Rating: C

 Business Rates: Nil

 
GROUND FLOOR:

 Two mid parade premises with double framed front and fitted with electric security shutters.

SHOP ONE: (Dover food & wine) - Currently let on a 21-year full repairing and insuring lease from March 2021 producing £11,000 per annum. The rent review is every 3 years with the next one being August 2024.

SHOP TWO: Currently empty, was let to a bed shop at annual rent of £7,200. The market rent is £9,000 per annum. The business closed and moved to a bigger premises, before the tenant was a European Grocer.

FIRST FLOOR:

 Two-bedroom flat - Currently let out on an assured tenancy producing a rent £10,200 per annum.

One bedroom flat – Currently let out on an assured tenancy producing a rent of £7,800 per annum.  

ENTRANCE:

 Communal entrance to the flats with stairs to the first-floor landing providing access to the one and two bedroom flats.

Potential Rental Yield:

 With all four units fully occupied, the site can produce £39,000 - £40,000 annually in rent, producing a gross rental yield of 8.9%. The property next door to the site was previously a fish and chip shop but recently the ground floor has been converted to a self-contained 1 bedroom flat.

IMPORTANT NOTICE: Key Property Consultants , their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Key Property Consultants have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

3. Floor plans – FOR IDENTIFICATION ONLY. Measurements and location of rooms, windows, doors etc. is approximate and should not be relied upon.

Key Property Consultants Limited. The Fold, 114 Station Road, Sidcup, Kent. DA15 7AE