Investment Opportunity In Dover!
Miles and Barr Commercial are delighted to be assisting with the marketing of this commercial mixed use investment opportunity, situated on Park Place, Dover.
The premises comprises of a ground floor commercial takeaway with a large service area, and a large storage room to the rear. Via a separate entrance the premises has two three bedroom flats above the takeaway, both tenanted.
The property also includes the rear existing garage and bathroom to be demolished and permitted planning granted for a two storey dwelling. ( Dover Planning Portal Ref 20/00895 )
The landlord is currently in negotiation for a new 20 year lease on the ground floor commercial premises, and flat one for a rental agreement of £1,500pcm with rent reviews every three years. Flat two is currently let on an AST for £750pcm to a long term tenant.
These property details are yet to be approved by the vendor.
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.