Lot 37 - FREEHOLD BLOCK FOR INVESTMENT - Clive Emson Auctioneers

Withdrawn After

Currently Let at £13,800 per annum

This detached building is situated in the centre of Sittingbourne, close to the High Street and mainline railway station.

The property is arranged as a ground floor commercial unit, trading as Doves Funeral Directors, and two self-contained one bedroom flats on the first floor, one of which has been sold on a long lease.

Commercial

Ground Floor

Reception, meeting room, inner lobby, chapel, two offices, mortuary, kitchen, store room and ladies and gents W.Cs.

External Rear Staircase to:

Flat 100A East St

First Floor

Hallway, bedroom, kitchen, living room and bathroom with W.C.

Outside

Off-road parking and garage.

Tenancy

Let on a 10 year commercial lease, from 25th March 2012, at a current rental of £13,750 per annum, with rent review after five years. It is understood the 2017 rent review was not implemented.

Flat 102A East St

Tenure

Sold on a 99 year Lease from 25th March 1980 at a current ground rental of £50 per annum.

Outside

Off-road parking and garage.

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/