LOT 30

62-64 Biggin Street, Dover, Kent, CT16 1DD

FREEHOLD PART VACANT TOWN CENTRE COMMERCIAL INVESTMENT
Guide price: Withdrawn*

Auction Date

Tuesday, 22nd May 2018 11:00am

BY ORDER OF B TOBIN & P JOSEPH OF STRETTONS AS LPA RECEIVERS

Location & Description

A terrace of 3 adjoining properties on the west side of Biggin Street at the junction with Priory Street next to the town centre conservation area and within the pedestrianised shopping centre. Nearby national multiples include Peacocks, Nationwide Building Society, Greggs, Boots & Argos.
Dover has recently seen major investment with the 157,000 sq ft St. James development comprising retail, restaurants, cinema and a hotel and Dover Western Docks being revived to provide a new cargo terminal and distribution centre.

EQUIVALENT TO £57,500 p.a. WITH BENEFIT OF VACANT SHOP AND UPPER PARTS. THERE MAY BE SCOPE SUBJECT TO CONSENTS TO DEVELOP THE UPPER PARTS OF NO. 62

Property Features

  • Pedestrianised Town Centre Location
  • Covenants include Savers & New Look
  • Development Potential

Status

Withdrawn Prior to Auction

Accommodation

Column 1 Column 2 Column 3
62 Biggin Street:
A substantial property over 4 floors arranged as a double fronted shop with ancillary accommodation:
Ground Floor: 2,650 sq ft (246 sq m)
First Floor: 2,450 sq ft (227 sq m)
Second Floor: 440 sq ft (40 sq m)
Third Floor: 764 sq ft (71 sq m)
The entire property is vacant
63 Biggin Street (advised by seller):
A mid terrace shop over four floors arranged as a ground floor shop with ancillary accommodation:
Ground Floor Shop: 1,832 sq ft (170 sq m)
First Floor: 1,556 sq ft (144 sq m)
Second Floor: 597 sq ft (55.4 sq m)
Third Floor: 461 sq ft (42 sq m)
Entire property occupied by Kruidval Real Estate UK, t/a Savers, a wholly owned subsidiary of A. J Watson Group holding over with terms agreed at £27,500 p.a. for a new 5 year repairing and insuring lease with a break option in the third year. Shared loading area to the rear.
64 Biggin Street (advised by seller):
A corner property with a return frontage to Priory Street:
Ground Floor Shop: 3,210 sq ft (298 sq m)
Basement: Not inspected
First Floor: 1,729 sq ft (160 sq m)
The entire property is let on repairing and insuring terms to New Look Retailers Ltd for a term of 5 years from August 2015 at £30,000 p.a. Shared loading area to rear.

Joint Auctioneer

Tersons Tel: 01304 246115

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.