Lot 20

HIGH STREET COMMERCIAL INVESTMENT

4-6 High Street, Elham, Canterbury, Kent, CT4 6TD
4-6 High Street, Elham, Canterbury, Kent, CT4 6TD
Sold £155,000

Currently let at £10,000 per annum

On the instructions of the Trustees

Situated in the heart of the picturesque village of Elham in a prominent trading position is this attractive period building. The ground floor double fronted premises are let, trading as the Cosy Tea Rooms.

Ground Floor

The tea rooms comprise two main seating areas, lobby area, kitchen, storage areas, ladies and gents W.Cs.

Outside

Shared private parking area to the front.

Tenancy

Let on a 10 year lease, from 4th August 2018, at a current rental of £10,000 per annum. The lease is excluded from the 1954 Landlord & Tenant Act Part 2 (Section 24-28).

Auctioneer's Note

For information relating to the rateable value and other available data including measurements, this will be available from www.gov.uk/correct-your-business-rates and enter the postcode for the property.

We understand it is currently exempt from business rates through the Local Authority Small Business Scheme.

Tenure

Head leasehold interest 999 years from 2015 at a peppercorn ground rent.

Viewing

By courtesy of the tenant and strictly by prior confirmed appointment with the Auctioneer's Office.

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/