Charlton Shopping Centre & Car Park, High Street Dover Kent CT16 1TT
Charlton Shopping Centre & Car Park, High Street Dover Kent CT16 1TT
Substantial Freehold Shopping Centre and Car Park Investment
Comprises 20 retail units, 10 studios, food court, gallery space and a 300 space multi-storey car park
Approximately 0.69 hectares (1.7 acres)
Important and busy port town
Active management potential
Tenants Include J Sainsbury plc, Blockbuster Entertainment Limited and Coral Estates Limited
Six Week Completion Available
Lot 8
Auction 7th July 2011
Rent £196,991 per Annum Exclusive
Status Sold
Price £600,000
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Instructions from Targetfollow (Dover) Limited, a wholly owned subsidiary of Targetfollow Property Investment and Developments Limited (TPID) (In administration) acting by its administrators (The ‘Administrators’)
Substantial Freehold Shopping Centre and Car Park Investment
Comprises 20 retail units, 10 studios, food court, gallery space and a 300 space multi-storey car park
Approximately 0.69 hectares (1.7 acres)
Important and busy port town
Active management potential
Tenants Include J Sainsbury plc, Blockbuster Entertainment Limited and Coral Estates Limited
Six Week Completion Available
Lot 8
Auction 7th July 2011
Rent £196,991 per Annum Exclusive
Status Sold
Price £600,000
Sector Shopping Centre
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On Instructions from Targetfollow (Dover) Limited, a wholly owned subsidiary of Targetfollow Property Investment and Developments Limited (TPID) (In administration) acting by its administrators (The ‘Administrators’)
Property Information
Location
Miles
London - 70 miles, Canterbury - 16 miles, Ashford - 22 miles, Calais - 27 miles
Roads
A20, A2, M20
Rail
Dover Priory Rail
Air
Gatwick Airport
Situation
The important and historic town of Dover is situated on the south-east tip of the country some 70 miles from London. Dover is famous for its Castle, the White Cliffs and the busy and historic port. The Port of Dover is Europe's busiest and most successful ferry port and has some 14 million passengers passing through it every year and handles around £80 billion of trade each year and supporting around 22,000 jobs locally. The port is vital to both the national and local economies. The property is situated in on the east side of High Street close to Castleton Retail Park with occupiers including Netto, Farmfoods and Poundstretcher and B&Q close by..
Tenure
Freehold.
Location
Miles
London - 70 miles, Canterbury - 16 miles, Ashford - 22 miles, Calais - 27 miles
Roads
A20, A2, M20
Rail
Dover Priory Rail
Air
Gatwick Airport
Situation
The important and historic town of Dover is situated on the south-east tip of the country some 70 miles from London. Dover is famous for its Castle, the White Cliffs and the busy and historic port. The Port of Dover is Europe's busiest and most successful ferry port and has some 14 million passengers passing through it every year and handles around £80 billion of trade each year and supporting around 22,000 jobs locally. The port is vital to both the national and local economies. The property is situated in on the east side of High Street close to Castleton Retail Park with occupiers including Netto, Farmfoods and Poundstretcher and B&Q close by..
Tenure
Freehold.
Description
The property is a substantial shopping centre and 300 space multi-storey car park. The shopping centre comprises 20 retail units on the ground floor and 10 studios on the first floor. There is also a food court and a gallery space as well as 14 additional car parking spaces and a service yard.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a substantial shopping centre and 300 space multi-storey car park. The shopping centre comprises 20 retail units on the ground floor and 10 studios on the first floor. There is also a food court and a gallery space as well as 14 additional car parking spaces and a service yard.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor - Unit
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Floor 1
Retail
121.70 sq m
(1,310 sq ft)
VACANT POSSESSION
Ground Floor 2
Retail
106.60 sq m
(1,147 sq ft)
PAUL A CAPPER
5 years from 13/12/2007 (2)
£22,500
(12/12/2012)
Ground Floor 3
Retail
90.40 sq m
(973 sq ft)
JAGGER’S GREENGROCERS LIMITED (1)
5 years from 16/10/2008 (2)
£19,000
(15/10/2013)
Ground Floor 4
Retail
247.50 sq m
(2,664 sq ft)
E C LAMB, A LAMB AND N C LAMB (t/a Country Carpets & Furniture)
5 years from 29/09/2009 (2)
£17,000
(28.09.2014) (10)
Ground Floor 6
Retail
98.70 sq m
(1,062 sq ft)
G STEEL (t/a Beddy Buys)
1 year from 26/11/1994 (11)
£7,000
(25/11/1995) (3)
Ground Floor 7
Retail
109.10 sq m
(1,174 sq ft)
VACANT POSSESSION
Ground Floor 8
Retail
72.60 sq m
(782 sq ft)
BLOCKBUSTER ENTERTAINMENT LIMITED
25 years from 25/03/1985
£14,000
(24/03/2010) (3)
Ground Floor 9 and 10
Retail
128.4 sq m
(1,382 sq ft)
C D CARROT & EP BAARS (t/a Dalamines)
10 years from 16/08/2001 (2)
£20,000
(15/08/2011)
Ground Floor 11
Retail
79.20 sq m
(852 sq ft)
JAMES DEFRIEND
Tenancy at will from 02/10/2010
£5,200 (12)
(20/04/2011) (3) (4)
Ground Floor 12
Retail
71.40 sq m
(769 sq ft)
CORAL ESTATES LIMITED
25 years from 25/12/1984
£14,500
(24/12/2009) (3)
Ground Floor 13
Retail
75.20 sq m
(809 sq ft)
VACANT POSSESSION
Ground Floor 14
Retail
85.60 sq m
(921 sq ft)
JAGGAR’S WEDDING HOUSE LIMITED
5 years from 23/01/2009
£16,300
(22/01/2014) (2)
Ground Floor 15
Retail
83.80 sq m
(902 sq ft)
E C LAMB (t/a Country Carpets & Furniture)
1 year 5 months from 11/11/2009
£1
(20/04/2011) (3) (5)
Ground Floor 16
Retail
78.00 sq m
(840 sq ft)
VACANT POSSESSION
Ground Floor 17
Retail
68.00 sq m
(732 sq ft)
RENAJA KRYSTYNA SMELA
5 years from 20/06/2008
£16,800
01/11/2011 (19/06/2013) (6)
Ground Floor 18
Retail
86.90 sq m
(935 sq ft)
VACANT POSSESSION
Ground Floor 19
Retail
96.40 sq m
(1,038 sq ft)
MICHAEL DAVIES
3 years from 03/05/2011 (2)
£6,000
(02/05/2014)
Ground Floor 20
Retail
17.90 sq m
(193 sq ft)
VACANT POSSESSION
Food Court
94.80 sq m
(1,020 sq ft)
VACANT POSSESSION
Service Yard
Access
55 years from 29/09/1979
£0
(28/09/2034) (7)
Multi-Storey Car Park
Car Park
VACANT POSSESSION
£31,476 (8)
First Floor
10 Studios
213.90 sq m
(2,302 sq ft)
4 STUDIOS OCCUPIED ON TENANCIES AT WILL TO VARIOUS PARTIES (9)
£1,800
Gallery Space
582.20 sq m
(6,288 sq ft)
VACANT POSSESSION
14 Car Spaces
VARIOUS (10)
£5,414
Totals
2,608.30 sq m
(28,095 sq ft)
£196,991
(1) As to Unit 3, the tenant is not currently occupying the property. (2) The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954. (3) The tenant is currently Holding Over. (4) As to Unit 11, a new lease for a term of 2 years at a rent reserved of £4,800 per annum exclusive has been agreed but not yet documented. (5) As to Unit 15, the occupation is a tenancy at will. The rent is £1 per annum exclusive in favour of a Business Rate mitigation scheme. (6) As to Unit 17, the lease provides for a mutual option to determine the lease on 1st November 2011 and 2012 subject to 3 months' notice. (7) As to the service yard, Sainsbury's have a lease to provide access over the service yard for which they make a contribution to the service charge of £8,000 plus VAT per year. (8) The multi-storey car park is managed by the building manager on behalf of the seller. The income shown above is for the year ending April 2011. (9) A full tenancy schedule is available on in the legal pack which is available on www.acuitus.co.uk (10) The lease provides for a mutual option to determine the lease on giving 6 months' notice any time after 29/09/2010. (11) The term commencement date and term expiry date have been left black in the lease, so we cannot verify these. The lease itself is dated 26/11/1993. (12) The rent reserved under the terms of the tenancy at will. The rent shown above has been annualised.
