74-94 High Street Dover Kent CT16 1EB

74-94 High Street
Dover
Kent
CT16 1EB

Freehold Retail Investment

Let to J Sainsbury plc until 2034 (no breaks)
Prominent town centre location
Approximately 3,071.81 sq m (33,065 sq ft)
No VAT payable
Adjacent to the Charlton Shopping Centre
Nearby occupiers include Morrisons, Farmfoods, Poundstretcher, Asda and Iceland

Lot
34
Auction
22nd May 2014
Rent
£230,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to J Sainsbury plc until 2034 (no breaks)
Prominent town centre location
Approximately 3,071.81 sq m (33,065 sq ft)
No VAT payable
Adjacent to the Charlton Shopping Centre
Nearby occupiers include Morrisons, Farmfoods, Poundstretcher, Asda and Iceland

Lot 34
Auction 22nd May 2014
Rent £230,000 per Annum Exclusive
Status Sold Post
Price
Sector
Supermarket/Convenience
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 16 miles south-east of Canterbury; 22 miles east of Ashford; 72 miles south-east of Central London
Roads: A256, A2, A20, M20 (Junction 13)
Rail: Dover Priory Railway Station
Air: London Gatwick Airport

Situation

The important and historic town of Dover is famous for its Castle, White Cliffs and busy international port. The Port of Dover is Europe’s busiest and most successful cross-channel transport network, making it one of today’s busiest drive-on, drive-off terminals in the world (Source: www.doverport.co.uk 22/04/2014).
The property is prominently situated in the heart of the town centre on the north side of the High Street adjacent to the Charlton Shopping Centre. Nearby occupiers include Morrisons, Farmfoods, Poundstretcher, Asda and Iceland.

Tenure

Freehold.

Location

Miles: 16 miles south-east of Canterbury; 22 miles east of Ashford; 72 miles south-east of Central London
Roads: A256, A2, A20, M20 (Junction 13)
Rail: Dover Priory Railway Station
Air: London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial retail unit with retail/ancillary accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from a significant frontage to the High Street and a loading bay to the rear.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Retail/Ancillary Ancillary	1,837.61 sq m 1,234.20 sq m	(19,780 sq ft) (13,285 sq ft)	J SAINSBURY PLC (1) (2)	55 years from 29/09/1979 until 2034 on a full repairing and insuring lease	£230,000	29/09/2014 (3)
Totals		3,071.81 sq m	(33,065 sq ft)			£230,000

(1) For the year ending 16/03/2013, J Sainsbury Plc reported a turnover of £23,303,000,000, pre-tax profits of £788,000,000 and a total net worth of £5,562,000,000. (Source: www.riskdisk.com 22/04/2014).
(2)Please note the tenant is not currently in occupation of the property.
(3) On 28th September 2014 there is a review of the rent review patterns. See lease for details.