Lot 78: HIGH STREET INVESTMENT WITH POTENTIAL

Situated in the heart of Staplehurst is this freehold High Street investment with car park to rear which may offer future potential. The property was extensively repaired and reinstated following fire damage in 2010/2011 and a copy of the Specification Works is available upon request.

Ground Floor

Unit 1

Retail area with trap door to cellar. Rear room with rear door and W.C.

Tenancy

Currently vacant.

EPC Information

Total useful floor area for 41 sq.m. (441 sq.ft). EPC Rating D/100.

Unit 2

With two rear parking spaces.

Tenancy

Let to JMH Flooring under the terms of a 21 year lease, from 2nd June 1992, with three year rent reviews, at a current rental of £7,950 per annum (not increased since 2007).

EPC Information

Total useful floor area 48 sq.m. (516 sq.ft.). EPC Rating C/55.

Ground/First Floor

Unit 3 & Flat 5

Currently trading as The Post Office, with two bedroom first floor flat.

Tenancy

Let under the terms of a 21 year lease, from 26th August 2004, with three year rent reviews and including a garage and parking space, at a current rental of £14,250 per annum (not increased since 2010).

EPC Information

The Post Office has a total useful floor area of 86 sq.m. (925 sq.ft.). EPC Rating D/93.
Flat 5 has a floor area of 71 sq.m. (764 sq.ft.). EPC Rating D/64.

Flat 4

Tenure

Sold on a 99 year lease, from 2nd January 1982, at a current ground rental of £50 per annum.

Flat 6

Tenure

Sold on a 99 year lease, from 1st January 1982, at a current ground rental of £100 per annum.

Rear Parking Space

Tenancy

One parking space let at a current rental of £48 per calendar month.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested parties are requested not to contact the tenants directly. There may be areas of the post office which are not accessible when viewing.

Auctioneer’s Note 1

Part of the car park and land to the rear of the building may be suitable for future development, subject to all necessary consents being obtainable.

Local Planning Authority

Maidstone Borough Council. Tel: 01622 602736. Website: maidstone.gov.uk.

Auctioneer’s Note 2

The existing and proposed floor plans in respect of the reinstatement of the retail and flat accommodation, due to fire damage, will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Freehold with Part Vacant Possession

Residential EPC: D
Commercial EPC: D