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
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.
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
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.
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.
