Lot 46 - MODERN COMMERCIAL INVESTMENT - Clive Emson Auctioneers

Sold £200,000

Currently let at £22,000 per annum

A modern end-terrace building situated at the entrance to the Highpoint Business Village, which lies to the north of Mace Lane/Hythe Road, almost equidistant from Junction 10 and Junction 9 of the M20 motorway.

Communal Ground Floor Entrance

Providing access to the ground floor unit and stairs to the first floor unit.

Ground Floor Unit

Toilets, hallway, two office training rooms, staff room and kitchen.

Tenancy

Let under the terms of a five year lease from 24th May 2017 at a current rental of £11,000 per annum. We understand that the lease is excluded from the 1954 Part II Landlord & Tenant legislation.

Tenure

Remainder of a 999 year lease from 30th July 2003.

First Floor Unit

Landing, toilets, main office, kitchen/staff room, two further office rooms and store room.

Tenancy

Let under the terms of a five year lease from 24th December 2019 at a current rental of £11,000 per annum. We understand the lease is excluded from the 1954 Part II Landlord & Tenant legislation.

Tenure

Remainder of a 999 year lease from 30th July 2003.

Outside

There are two parking spaces immediately outside Unit 14, together with a loading bay area, plus four further allocated parking spaces located within the Highpoint Business Centre.

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/