Lot 96

FREEHOLD INVESTMENT OPPORTUNITY - BLOCK COMPRISING TWO SHOPS AND TWO FLATS

29, 29A, 29B & 33 Station Road, Birchington, Kent, CT7 9DJ
29, 29A, 29B & 33 Station Road, Birchington, Kent, CT7 9DJ
Sold After

Currently let at £21,840 per annum

Situated on Station Road, in the heart of Birchington, is this block of two self-contained flats and two ground floor shops, one of which has been sold on a long lease.

The property, which is ideal for continued investment, is located close to national retailers and mainline railway station.

29 Station Road

Ground Floor

Sales area, kitchen, cloakroom with W.C. Cellar.

Tenancy

Trading as House of Cards. Let under the terms of a six year lease, from 5th April 2012, at a current rental of £9,000 per annum.

First Floor

29A Station Road

Open plan living room/kitchen, two bedrooms and a bathroom with W.C.

Tenancy

Holding over under the terms of an Assured Shorthold Tenancy at a current rental of £595 per calendar month.

29B Station Road

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

Tenancy

Holding over under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £475 per calendar month.

33 Station Road

Tenure

Sold on a 999 year lease, from 15th August 2014, at a peppercorn ground rent.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested applicants are required not to contact the tenants directly.

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/