Lot 51

FREEHOLD MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT

82-92 Station Road, Birchington, Kent, CT7 9RA
82-92 Station Road, Birchington, Kent, CT7 9RA
JUNE AUCTION

Currently let at £34,100 per annum (plus vacant maisonette)

Estimated rental value £42,440 per annum

This substantial block is situated on Station Road, a short walk from Birchington-On-Sea mainline railway station and close to nationwide retailers such as Co-Op and Sainsbury's Local.

The property provides accommodation over three floors comprising three shops, two maisonettes, one flat (each with private entrances) and parking to the rear.

82 Station Road

Ground Floor

Shop floor, cloakroom with W.C. and wash-hand basin.

Tenancy

Trading as Tan ‘n’ Go. Let under the terms of a five year lease, from 1st April 2005, at a current rental of £7,650 per annum with annual rent review.

86 Station Road

Ground Floor

Seating area and kitchen.

First Floor

Store room and cloakroom/ W.C.

Tenancy

Trading as Cafe Creme. Let under the terms of a six year lease, from 21st April 2013, at a current rental of £7,000 per annum.

90 Station Road

Ground Floor

Sales area, kitchen, second room and cloakroom/W.C.

Tenancy

Trading as Birchington Barber. Let under the terms of a six year lease, from 5th March 2014, at a current rental of £7,630 per annum.

84 Station Road (Vacant)

First Floor

Living room and kitchen.

Second Floor

Two bedrooms, box room, bathroom and separate W.C.

88 Station Road

First Floor

Living room and kitchen.

Second Floor

Two bedrooms, box room, bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £7,020 per annum.

92 Station Road

First Floor

Open plan living room/kitchen, bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £4,800 per annum.

Outside

Parking for three cars to the rear.

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/