Lot 35 - FREEHOLD INVESTMENT COMPRISING CAFÉ WITH STORE AND TWO BEDROOM MAISONETTE

Sold £167,000

Currently let at £16,240 per annum

A mid-terrace property situated in Guildhall Street, one of the pedestrianised shopping areas of Folkestone town centre and close to national and local retailers.

The premises are currently arranged as a ground floor café with basement, plus self-contained maisonette which has a separate rear access and off-road parking (also to the rear).

Commercial

Ground Floor

Split level café/restaurant, upper level with servery, kitchen and lobby with customer W.C.

Lower Ground Floor

Separate access to rear with hallway, W.C. and three storage areas.

Tenancy

Let under the terms of a seven year lease, from 2019, at a current rental of £10,000 per annum.

Residential

38A Guildhall Street

Upper Parts

Separate rear access, living room, kitchen, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £520 per calendar month.

Outside

Rear yard providing off-road parking and access from Eanswythe Way.

Viewing

Strictly by prior confirmed appointment with the Auctioneers 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/