Investment for sale in Dover

AUCTION PROPERTY Situated in the heart of Dover town centre is this substantial mixed use building comprising three commercial premises and nine flats with frontages to three sides, Fishmongers Lane, Flying Horse Lane and fronting King Street. The St James Retail and Leisure Park lies in close proximity, as does Market Square, Cannon Street and Castle Street.

Walter House, Fishmongers Lane, CT16 1FL
Residential
Flat 1
One bedroom flat.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 700 per calendar month.
EPC Rating D
Council Tax Band A

Flat 2
One bedroom flat. We are advised by the seller that the flat has sea views
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 600 per calendar month.
EPC Rating
To be confirmed.
Council Tax Band A

Flat 3
One bedroom flat. We are advised by the seller that the flat has sea and castle views
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 650 per calendar month.
EPC Rating D
Council Tax Band A

Flat 4
Two bedroom maisonette.
Tenancy
Vacant (landlords private residence)
EPC Rating F
Council Tax Band A

Flat 5
One bedroom flat.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 550 per calendar month.
EPC Rating E
Council Tax Band A

Flat 6
One bedroom flat. We are advised by the seller that the flat has harbour and sea views
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 750 per calendar month.
EPC Rating E
Council Tax Band A

Commercial
Florist Caf, 9 King Street, CT16 1NR
Ground floor premises
Tenancy
Let under the terms of a five year lease from 1st March 2024 at a current rental of 7,500 per annum. We understand the lease is outside of Sections 24-28 of the 1954 Landlord & Tenant Act (Part II)
EPC Rating
B (43). Total Floor Area 70 sq m.

Former Dental Surgery, 1 Fishmongers Lane, CT16 1FL
Ground floor premises.
Tenancy
Currently vacant. Estimated potential rental of 12,000 per annum.
EPC Rating
D (88). Total Floor Area 93 sq.m.

Auctioneer's Note 1
We have been advised by the seller that flats 1, 2 & 3 are above The Florist Caf and flats 4, 5 & 6 are above the Former Dental Surgery

Outside
Off road parking for several vehicles. We are advised by the seller that there was planning for houses in 2010 (now expired) and boundary extends into the river, offering potential for geothermic heat exchanger, subject to any necessary consents being obtainable.

4 Flying Horse Lane, CT16 1HG
Residential
Flat 1
Three bedroom flat with a gas heating system.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 950 per calendar month.
EPC Rating D
Council Tax Band A

Flat 2
One bedroom flat with a gas heating system. We are advised by the seller that the flat has castle views and offers potential for a sea view balcony, subject to any necessary consents being obtainable
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 850 per calendar month.
EPC Rating D
Council Tax Band A

Flat 3
Studio flat, which we understand has castle and sea views. We are advised by the seller that it may offer potential for a balcony conservatory, subject to any necessary consents being obtainable.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 550 per calendar month.
EPC Rating D
Council Tax Band A

3 Flying Horse Lane
Former Sorting Office Building adjacent to the River Dour, in need of total refurbishment (no access permitted).

5 Flying Horse Lane
Three storey building incorporating a garage. The seller advises it was the former open plan typing pool on the ground floor when it was a job centre with flats above.

10 King Street, CT16 1NR
Ground floor public house.
Tenancy
Let under the terms of a 5-year lease from 14 February 2025 at a current rental of 12,000 per annum. We understand the lease is outside of Sections 24-28 of the 1954 Landlord & Tenant Act (Part II)
EPC Rating
To be confirmed. Expired EPC shows 336 sq.m.

Auctioneer's Note 2
At the time of publication, the Auctioneers have been unable to internally inspect the property. These details have been provided by the seller and interested applicants should rely on the their own investigations to verify the information provided.

Auctioneer's Note 3
The seller believes some of the flats could be re-configured to enhance the number of bedrooms, subject to all the necessary consents being obtainable.

Planning Application
A Planning Application has been made under reference 20/00964 for the erection of a five storey building, a Change of Use version of the existing building to incorporate six flexible use units (commercial/retail/restaurant) to ground floor, fourteen additional self-contained flats to upper floors and remodelling of the existing nine flats (partial demolition of 9 & 10 King Street and demolition of 1 Fishmonger Lane and 1-5 Flying Horse Lane). This Application has yet to be determined. A copy of the Application including various pans, drawings, existing and proposed accommodation details may be downloaded from the Dover District Council website dover.gov.uk. Tel: 01304 872486.

Site Measurements
The site extends to approximately 0.07 hectares (0.17 acres).

Freehold with Part Vacant Possession

Residential EPC: D

Commercial EPC: D

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 the 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 www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*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 www.cliveemson.co.uk/buyers-fees/