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D1-D12 Holmestone Road Trading Estate, Holmestone Road, Dover

£1,950,000.00 offers in excess of / Allowing for purchaser's costs at 6.6% a purchase of £1,950,000 provides a net initial yield of 7.40%. This also shows a low capital value of £61.75 per sq. ft.
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Amenities

  • 31,581 sq.ft. (2,934 m²)
  • Freehold
  • Multi-let Industrial Estate (12 Units)
  • Active Management Opportunity
  • Four units let to Howden Joinery Properties Limited (recent re-gear and roofs being overclad by tenant)
  • Large Yard/Forecourt Areas
  • Rent passing £154,750 per annum

Location

D1-D12 Holmestone Road Trading Estate, Holmestone Road, Dover, CT17 0UF

Description

The estate comprises twelve industrial units totalling 31,851 sq. ft. under Title Nos. K95511 and K696073. There are two terraces providing portal framed industrtial units under pitched roofs. Nine units have overclad roofs. Elevations are typically of brick to lower levels. Forecourt and yard areas are of concrete surface.

Business Rates

The rateable value figure below has been provided to us by the Valuation Office Agency

RV £0

Please note, the RV is NOT the actual rates payable. Rates payable are calculated by reference to the National Non-Domestic Rating (NNDR) multiplier which is set annually by Central Government. The current NNDR (2022/23) is 51.4p/£. 

Discounts and reliefs are available for qualifying small businesses occupying properties with rateable values below £15,000, reducing liabilities to £zero for properties with RVs below £12,000

Subject to eligibility for all available reliefs, we estimate that in the current financial year,

Rates payable are £0

Further information on this matter is available at Business Link

Information

Location