Lot 24

TWO HIGH STREET INVESTMENTS AND VACANT OFFICES/MAISONETTE WITH POTENTIAL

112, 112A, Offices and Maisonette, High Street, Hythe, Kent, CT21 5LE
112, 112A, Offices and Maisonette, High Street, Hythe, Kent, CT21 5LE
MARCH AUCTION

Currently let at £22,450 per annum plus vacant upper parts

In the same ownership for over 80 years

Situated in the heart of Hythe High Street in a prominent location, are these two High Street investments, plus vacant offices/maisonette on the upper floors which may offer potential for re-configuration/conversion to purely residential, subject to all necessary consents being obtainable.

112A High Street - Church Mouse Studio

Double fronted shop with main retail area, second retail area, main store/workshop, kitchen, W.C. and two further store rooms.

Outside

Two allocated parking spaces.

Tenancy

Let under the terms of a 10 year lease, from 28th June 2018, at a current rental of £11,500 per annum. The current tenant has been in occupation for approximately 18 years.

112 High Street - Loremar

Main retail shop, rear store room, kitchen and W.C.

Tenancy

Let under the terms of a 10 year lease from 6th April 2016 at a current rental of £9,950 per annum.

Interconnecting Store - Rear of 112 High Street

Access from 112 (Loremar), rear store room.

Tenancy

Let under an Agreement at a current rental of £1,000 per annum, payable in advance.

Vacant Parts

Ground Floor

Central entrance door, entrance hall providing access to the upper floors.

First Floor

Five office rooms, store, kitchen, bathroom with W.C. and separate W.C.

Second Floor

Landing/lobby and four rooms.

Outside

Car park to the rear with access off Prospect Road.

Planning

Planning Permission was granted under ref: Y15/1046/SH, received 27th November 2015, for change of use of the first floor and second floor levels of 112 and 112A High Street, Hythe from mixed use commercial/residential to three self-contained flats (two, one-bedroom and one, two-bedroom) and new shop front to 112 and 112A together with demolition of the rear single storey extensions and construction of a cycle store and bin store, subject to conditions.

A copy of the Planning Consent and approved drawings will be available to download from the Local Planning Authority website, folkestone-hythe.gov.uk, the Clive Emson website or inspection at the Auctioneer's Office.

Auctioneer's Note

The two rear single storey extensions referred to in the current Planning Consent are let to the two existing tenants.

Freehold with Part Vacant Possession

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

Additional Fees

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 cliveemson.co.uk/buyers-fees/