Lot 62: HIGH STREET COMMERCIAL INVESTMENT

Sold £165,000

Situated towards the bottom end of the High Street in the County Town of Maidstone is this commercial investment, currently occupied and trading as 7 Miles Korean and Chinese Cuisine Restaurant, occupying the ground and basement floors. The property is a Grade II Listed Building.

Tenancy

Let under the terms of an occupational lease from 13th February 2018 at a current rental of £15,000 per annum. The lease expires on 4th May 2035 with a rent review on 4th May 2020.

Viewing

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

Tenure

Head leasehold interested 300 years from 1st March 2001 at a peppercorn ground rent.