Lot 81

LARGE BLOCK WITH COMMERCIAL INVESTMENTS AND THREE FLATS (SOLD ON LONG LEASES)

49/51 High Street, Borough Green, Sevenoaks, Kent, TN15 8BT
49/51 High Street, Borough Green, Sevenoaks, Kent, TN15 8BT
Sold After

Currently let at £32,000 per annum

A large attractive freehold block located at the centre of the village of Borough Green on the doorstep of the mainline railway station. The property is divided to provide a ground floor pub/bar, separate restaurant to the lower ground floor which are both let on commercial leases.

The upper parts have been converted to three self-contained flats each of which are sold on a lease for a term of 999 years from 29th September 1998 at a peppercorn ground rent.

49 High Street

Ground Floor

Open plan bar area with servery and ladies and gents W.Cs.

Tenancy

Let on a commercial lease for a term of 5 years from February 2019 at a current rental of £22,000 per annum.

49A High Street

Lower Ground Floor

Main restaurant area, kitchen and ladies and gents W.Cs.

tenancy

Let on a commercial lease for a term of 5 years from 2nd October 2018 at a current rental of £10,000 per annum.

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/