Lot 103 - FREEHOLD TOWN CENTRE COMMERCIAL INVESTMENT

Sold £262,000

Currently let at £20,000 per annum

Situated at the junction with Cannon Street, Market Street and Market Square, is this town centre commercial investment which lies within close proximity to national retailers, including NatWest Bank, Lloyds Bank, Wetherspoons and the port and harbour close by.

13 Cannon Street is located on the corner of Market Street and Cannon Street and offers potential for an advertising hoarding on the flank wall, subject to all necessary consents being obtainable.

Local Planning Authority

Dover District Council. Tel: 01304 872486. Website: dover.gov.uk.

Tenancy

The entire property is let on a 15-year fully repairing and insuring lease, from
27th March 2018, at a current rental of £20,000 per annum, with five year rent reviews.

Viewing

On site at any reasonable time. There will be no internal viewings.

Auctioneer's Note

At the time of publication the Auctioneers have been unable to internally inspect the property. Interested applicants are advised to rely on their own investigations.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/