Lot 81 Freehold Commercial Investment Plus Residential Ground RentsAuction Date:
24th July 2024
3 Cannon Street, Dover, Kent, CT16 1BY
Currently let at £12,600 per annum
A substantial property situated in the heart of the main thoroughfare of Dover town, close to various retailers including Subway and Wetherspoons. 3 Cannon Street lies between Market Square and St Mary's Church and comprises a ground floor shop, (trading as a hairdressers), together with four flats on the upper parts, all sold on long leases.
Ground Floor
Tenancy
Trading as The Charmaine Hair Cutting Organisation, and let under the terms of a 20-year lease, from and including 2nd September 2013, at a current rental of £12,000 per annum.
EPC Rating
Energy rating C (60). Total floor area 103 sq.m.
Upper Parts
Tenure
Four flats, each sold on a 99-year lease from 25th March 2007 at a current ground rental of £150 per annum.
Auctioneer's Note
Section 5B Notices have been served on the lessees of the flats, who have not reserved their rights under the legislation.
There is an addendum available to be read
in conjunction with the legal documentation.
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
