17 June 2011

Investor becomes king of his own Dover Castle

They say that an Englishman’s home is his castle – and that could well be the case for future occupants of Gravesend’s Dover Castle pub, which has just been sold for conversion into residential accommodation.

The freehold of the Dover Road boozer, which was sold off an asking price of £145,000, and was snapped up by a local investor at a level just above the guide price.

“Gravesend is a historic town within easy reach of central London and the Dover Castle is an attractive property in a residential area, so it had obvious potential,” says Panayiotis Themistocli of licensed leisure specialists AG&G, who dealt with the sale.

The Dover Castle is a semi-detached, traditional-style property of three storeys over a basement area. The site covers approximately 195 square metres (2,100 square feet), including a trade patio area.

For more information, contact Panayiotis Themistocli on 020 7836 7826, e-mail pthemistocli@agg.uk.com

AG&G are chartered surveyors specialising in the licensed leisure industry, with the skill and experience needed to value, assess or promote a property not simply as bricks and mortar but as a business. If it involves the price of a licensed premises, its profitability, rental value, investment prospects or value in a dispute, AG&G can help.

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