Prime Dover Shop Premises & 1-Bed Flat Freehold Investment, 7.6% Yield, £19,400 PA Income
Dover, Kent
- Status
FOR SALE
- Date Submitted:
16/06/23
- Advert ID
515011
- Reference
N940 / Rightbiz
- Call Agent:
- Freehold: £470,000
- Turnover: £30,200 (£581 Per week)
- Net Profit: On request
Key Features
- Prime Location
- Town Centre location
- Adjacent to Multiple Retailers
Business Details
FREEHOLD INVESTMENT PREMISES WITH 2 RETAIL UNITS PLUS 2 FLATS OVER
- PRIME TOWN CENTRE LOCATION - CURRENT TOTAL INCOME £30,200 PA
- 1 SHOP CURRENTLY VACANT
Location
These two adjoining premises occupy a prominent trading position fronting the High Street of this popular Kent town, being close to all the multiple stores, banks offices etc and serving a densely populated residential area.
RENTAL INCOME
Shop 1 (No 8) let on a 21 year FRI lease from March 2021 @ £11,000 PA. (3 year reviews)
Shop 2 (No 6) Vacant
2 Bedroom flat (No 8) currently let on AST producing £850 PCM.
1 Bedroom flat (No 6) currently let on AST producing £750 PCM
Current income £30,200 PA
Premises
Two Mid parade shop premises with attractive double aluminum framed frontages fitted with elect. security shutters.
Shop 1 (No 8) Retail Area: 620 sq/ft Store Room: Staff W.C. Access to rear.
Shop 2 (No 6) Retail Area: 280 sqft. Store Room: Staff W.C. Access to outside.
Communal front entrance with stairs to first floor landing giving access to one two bedroom flat and one 1 bedroom flat.
Tenure
Freehold.
EPC Rating
Band C
Business Rates
Nil currently payable
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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