Lot 35: TWO HIGH STREET INVESTMENTS AND VACANT OFFICES/MAISONETTE WITH POTENTIAL

Sold After

Situated in the heart of Hythe High Street in a prominent location, are these two 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.

Rear Development Potential

It is also considered that there may be potential to re-develop the rear of the site, fronting Prospect Road, perhaps with a driveway giving access to the rear of the existing shops and parking area, again subject to all necessary consents being obtainable.

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.

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

Interconnecting Store Rear 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.

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