Lot 57: FREEHOLD INVESTMENT ON SEAFRONT

Sold Prior

This substantial freehold block is located on the seafront in the centre of Herne Bay and is fully let providing a good rental income.

The property is arranged as eight flats, two of which have been sold on long leases plus a restaurant on the ground floor. The property has sea views from the majority of the flats, off-road parking, and is considered ideal for continued investment.

A La Turka

Ground Floor

Main seating area, bar area, additional seating, ladies and gents W.Cs and commercial kitchen with walk-in fridge and freezer.

Tenancy

Let on an 18 year commercial lease, from 1st August 2012, at a current rental of £1,850 per calendar month. It is understood a rent review was due in 2018.

Access to:-

Flat 63M

Lower Ground Floor

Kitchen/diner and living room.

Ground Floor

Landing, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £730 per calendar month.

Flat 61M

Sold on a 99 year lease from 1st January 2001 at a current ground rental of £150 per half year.

Flat 63B

Kitchen, living room, hallway, two bedrooms and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £625 per calendar month.

Flat 62B

Living room, kitchen, bedroom and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £460 per calendar month.

Flat 61B

Hallway, kitchen, living room, two bedrooms and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £700 per calendar month.

Flat 63A

Sold on a 99 year lease from 28th March 2003 at a current ground rental of £150 per half year.

Flat 61A

Hallway, living room, kitchen, two bedrooms and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £775 per calendar month.

Flat 62A

Hallway, living room, kitchen, one bedroom and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £550 per calendar month.

Outside

Car park to rear for flats only.

Viewing

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

Residential EPC: D
Commercial EPC: D