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LAND ESTATES
Sales, Lettings & Management

Sold

High Street, Dartford

-
£470,000

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Specifications

Commercial

About This Property

Property Summary

FREEHOLD INVESTMENT COMMERCIAL PROPERTY WITH TENANTS
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Dartford is the principal town in the Borough of Dartford, Kent, It lies 16 miles (26 km) east south-east of central London. The town lies on the border of Kent and Greater London, bordering the London Borough of Bexley. It also borders the Borough of Thurrock, Essex, via the Dartford Crossing of the River Thames. So you can see that it is just about centrally located to most other popular towns.

Located in a great High Street position is the Mandarin Palace Restaurant. Set in a prominent position with a strong foot flow and easily accessible by public transport.

The restaurant has tenants currently enjoying a 25 years lease. The rent per annum currently stands at £33,000. The restaurant can cater for up to 150 covers.

RESIDENTIAL
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There is a two bedroom apartment above the restaurant and a detached 3 x bedroom staff accommodation with its own separate entrance, with kitchenette and shower room.

To arrange a viewing, please call Land Estates on 01322 413501

Full Details

Lease
25 years

Rent Review
Every 4 years. However after the 16th year the review would be reduced to every 3 years.

Building Insurance/Maintenance
The current tenants are responsible for the Building Insurance and Maintenance of the property.

Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.

Planning
We understand that the premises benefits from A3 planning use.

Price
£500,000 subject to contract

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Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

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Steven Hall Mortgage Advisor

Steven Hall

Hi, my name is Steve and I am a Mortgage & Protection adviser covering the south-east of England.


I have personally been involved in the Mortgage and protection industry for over 15 years, with 13 of those as an Adviser.

Here’s just some of the types of scenarios we can help with:
• Residential Purchases and Re-mortgages
• Buy to Let Purchases and Re-mortgages
• Let to Buy Re-mortgages
• Help to buy mortgages
• Right to buy mortgages
• Shared Ownership Mortgages
• Capital raising for home improvements or deposit on investment properties

I am always more than happy to discuss any enquiries you may have. We offer a very personal service and pride ourselves on taking the time to find the perfect solution for your requirements.

So how does it work? We normally start with an initial call that lasts 5-10 minutes to establish if your expectations are realistic and if we are likely to be able to help you. If that goes well we can then look to set up a full mortgage appointment. Normally this is via a video meeting. Our aim then is to give you an idea of the likely costs, how much you can borrow and ultimately working towards providing you with something called a ‘decision in principle’. A decision in principle is a certificate from a prospective lender that confirms that your credit history is acceptable and how much you can borrow. This will give you the confidence that you are in a position to make an offer on a property and ensure that you are taken seriously by an estate agent and the vendor. Note that many estate agents will not even allow a viewing until you have a decision in principle. Lastly, once you find a property and your offer is accepted, we then guide you through the whole mortgage application process with the aim of making it as simple as possible for you.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE MOST BUY TO LET MORTGAGES

We typically charge a fee of £399 payable at the point of application for a purchase or on completion for a re-mortgage, however this will be dependent on your personal circumstances.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Expert Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No.9617865 3 Greystones Road, Bearsted, Maidstone, Kent, ME15 8PD. Head Office: 25 Nightingale Avenue, Whitstable, Kent, CT5 4TR