Lot 78 Freehold Mixed Investment In Town CentreAuction Date:
5th May 2022
16-18 & 20 Worthington Street, Dover, Kent, CT17 9AD
Currently let at £16,210 per annum
Situated in the centre of Dover is this mid and end terrace building arranged as a residential and commercial investment.
The ground floor is arranged as two commercial units which are both currently let and the upper parts comprise a two-bedroom maisonette, which is let and a further flat which has been sold on a long lease. It is considered the rental income could be improved to bring the building in line with current market rent.
[16â€18 Worthington St]
Amarillos
Open plan seating area/kitchen and W.C.
Outside
Yard to rear.
Tenancy
Let under the term of a 12-year commercial lease from 6th June 2006 at a current rental at £6,500 per annum (reduced from £9,000pa in 2016).
16-18 Worthington St
First Floor Flat
Remainder of a 99-year lease from the 25th December 1987 at a current ground rental of £50 per annum.
20 Worthington St
Gentleman’s Club
Hairdressers with four chairs, kitchenette and W.C.
Basement
Outside
Small yard.
Tenancy
Let under the terms of a 10-year commercial lease from 4th March 2020 at a current rental of £4,500 per annum.
20A Worthington St
First Floor
Hallway, kitchen, living room and W.C.
Second Floor
Landing, bathroom and two bedrooms.
Tenancy
Let under the terms of condition of a six month Assured Shorthold Tenancy from 22nd March 2013 at current rental of £380 per calendar month.
Council Tax Band A
Viewings
External only.
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Tersons Estate Agents
01304 246115
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 Buyers Fees
