Comprises 20 Retail Units, 10 Studio Flats, 3x2 Bed Flats, 1x3 Bed Flat, a Food Court, Gallery Space and a 300 Space Multi-Storey Car Park
Approximately 2,657.96 sq m (28,609 sq ft)
Further Residential Development Potential (subject to consents)
350m from Dover Priory Train Station and 500m from Castleton Retail Park
Nearby Occupiers include Asda, Morrisons, PureGym, Boots, Aldi, JD Wetherspoon, Poundland and Domino's
Lot 22
Auction 25th September 2024
Rent £269,816 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Shopping Centre
Auction Venue Live Streamed Auction
On Behalf of a Charity
Property Information
Location
Miles
70 miles south east of London, 16 miles east of Canterbury, 17 miles south of Margate
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 property is situated on the east side of High Street, 350m from Dover Priory train station and 500m from St James Retail and Leisure Park. Nearby occupiers include Asda, Morrisons, PureGym, Boots, Aldi, JD Wetherspoon, Poundland and Domino's.
Tenure
Freehold.
Location
Miles
70 miles south east of London, 16 miles east of Canterbury, 17 miles south of Margate
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 property is situated on the east side of High Street, 350m from Dover Priory train station and 500m from St James Retail and Leisure Park. Nearby occupiers include Asda, Morrisons, PureGym, Boots, Aldi, JD Wetherspoon, Poundland and Domino's.
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 studio, 3 x 2 bed and 3 x 1 bed flats 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.
There is potential for further residential development on the upper floor, subject to consents.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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 studio, 3 x 2 bed and 3 x 1 bed flats 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.
There is potential for further residential development on the upper floor, subject to consents.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Unit 1
Ground
Retail
125.39
(1,350)
ODYO LTD (CRN: 11421704)
5 years from 01/06/2022
£6,000
(31/05/2027)
Unit 2a
Ground
Retail
-
(-)
AN INDIVIDUAL
Holding Over
£1,500
Unit 2b
Ground
Retail
-
(-)
AN INDIVIDUAL
Holding Over
£1,500
Unit 3
Ground First
Retail Ancillary
93.30 47.90
(1,004) (516)
DOVER BIG LOCAL CIC (CRN: 12865175)
Holding Over
£3,000
Units 4 & 5
Ground
Retail
234.10
(2,520)
AN INDIVIDUAL
5 years from 01/09/2023
£12,916
(31/08/2028)
Unit 6
Ground
Retail
98.60
(1,061)
TWO INDIVIDUALS
5 years from 01/08/2020
£6,000
(31/07/2025)
Unit 7
Ground
Retail
107.61
(1,158)
DOVER OUTREACH CENTRE (CN: 1168737)
2 years from 05/07/2023
£8,000
(04/07/2025)
Units 8-10 Units 14
Ground Ground
Retail Retail
235.87 82.30
(2,539) (886)
SLEEPYHEAD BEDS LTD (CRN: 08674946)
7 years from 17/10/2020
£22,300
(16/10/2027)
Unit 11
Ground
Retail
63.50
(684)
BURNAP + ABEL (DOVER) LTD (CRN: 11241818)
4 years from 01/11/2021
£8,500
(31/10/2025)
Unit 12
Ground
Retail
88.00
(947)
TWO INDIVIDUALS
3 years from 01/12/2021 (2)
£8,000
(30/11/2024)
Unit 13
Ground
Retail
76.01
(818)
AN INDIVIDUAL
2 years from 01/08/2024
£7,500
(31/07/2026)
Unit 15
Ground
Retail
84.20
(906)
AN INDIVIDUAL
3 years from 17/06/2018 holding over (2)
£5,000
-
Unit 16
Ground
Retail
76.75
(826)
DOVER BIG LOCAL CIC (CN: 12865175)
4 years from 01/09/2020 holding over (2)
£3,800
-
Unit 17
Ground First
Retail Ancillary
162.20 31.00
(1,746) (334)
AN INDIVIDUAL
1 year from 01/10/2023 (2)
£5,500
(30/09/2024)
Unit 18
Ground
Retail
87.74
(944)
DOVER BIG LOCAL CIC (CN: 12865175)
4 years from 01/11/2020 (2)
£3,000
(31/10/2024)
Unit 19
Ground
Retail
97.40
(1,048)
BEMIX
5 years from 01/08/2019 holding over (2)
£6,000
(31/07/2024)
Unit 20
Ground
Retail
17.50
(188)
BIG LOCAL SECOND HAND CLOTHES
Holding Over
£0
1st Floor
First
Retail
848.59
(9,134)
FUTURE FOUNDRY CIC (CRN: 08097168)
A term from 01/05/2024
£15,000
Residential Flats
First
Residential
10 x 1 Studios, 3x2 2 Bed Flats, 1x3 Bed Flats
(-)
A HOUSING CHARITY
5 years from 11/11/2020
£90,000
(10/11/2025)
Car Park
-
Car Parking
300 Parking Spaces
(-)
Income from casual and income parking
-
£48,300 (3)
-
Access Road
-
-
-
(-)
J SAINSBURY PLC (CRN: 00185647)
55 years from 29/09/1979
£8,000
(28/09/2034)
Total Approximate Commercial Floor Area
2,657.96
(28,609)
£269,816
(1) The above floor areas have been taken from the Valuation Office Agency (https://www.gov.uk/find-business-rates). (2) New leases are currently being negotiation. (3) Please see the legal pack for full receipts.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
