Lot 20: HIGH STREET COMMERCIAL INVESTMENT

Sold £155,000

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.

Commercial EPC: E