Lot 44 - COMMERCIAL INVESTMENT AND RESIDENTIAL GROUND RENT

Sold £45,000

Currently let at £4,160 per annum

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.

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/