Commercial property for sale in Ladywell, Dover CT16

Superb 7% mixed use investment opportunity!

Investment Overview:

Mixed residential commercial investment comprising 6 one bedroom fats let on AST’s and 2 shops.

Residential flats 1-6 are all let on AST’s totalling £3600 per month. Flats 1-6 are all achieving £600pcm. The residential element is accessed by separate entrance at the rear of the property. There is a large hallway with feature oak staircase and a full height picture window. In addition there is a large (11 m2) store and meter room on the ground floor.

The 2 shops are accessed from the street via a recessed covered entrance. Both shops have impressive glazed shop fronts. 7 Ladywell is trading as “Prontos Pizza” under a 15 year lease (2017) at £8600 pa with 3 yearly rent reviews. There has been recent investment and refurbishment by the tenants. 8 Ladywell has recently agreed a new lease with an average income over the next five years of £953pcm.

Location

Dover is a major ferry port town and faces France across the Strait of Dover, the narrowest part of the English Channel. It is home of the Dover Calais ferry through the Port of Dover and is famous for both its White Cliffs and Dover Castle that has historically performed a function of protection against invaders.
Dover’s main commuting roads are the A2 and A20, connecting the town with Canterbury and London. Fast link trains run from Dover Priory to London St Pancras International stations and Ramsgate.

Identification checks
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. | We use a specialist third party service to verify your identity provided by Lifetime Legal. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, directly to Lifetime Legal, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Main Sales Area (8.13m x 7.77m)

Staff Room (3.3m x 3.0m)

Bedroom One (2.77m x 2.58m)

Lounge/Kitchen (3.70m x 4.76m)

Bathroom (1.67m x 2.40m)

Living Room/ Lounge (6.93m x 3.65m)

Bedroom One (2.77m x 2.58m)

Bathroom (1.5m x 2.6m)

Bedroom One (2.30m x 3.64m)

Lounge (4.00m x 4.88m)

WC (1.5m x 2.6m)

Lounge (4.80m x 4.27m)

Bedroom (3.00m x 3.86m)

Bathroom (2.90m x 1.47m)