Lot 44: COMMERCIAL INVESTMENT AND RESIDENTIAL GROUND RENT

Sold £45,000

Situated in a central location in Folkestone, 16 Church Street lies close to the junction with Rendezvous Street. The Grade II Listed property comprises offices to the ground floor and is currently let to a firm of solicitors. The upper parts (a maisonette) are sold on a long lease.

Offices

Ground Floor

Reception room, middle room, rear office, kitchen and W.C.

Tenancy

Let under the terms of a six year lease, from 25th March 2005 (holding over), at a current rental of £4,160 per annum.

16A Church Street (Maisonette)

Tenure

Sold on a 189 year lease from 10th October 1989 at a peppercorn ground rental.

Viewing

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