Lot 104

SUBSTANTIAL PROPERTY ARRANGED AS THREE FLATS, CAR PARK, YARD AND LARGE ANTIQUES WAREHOUSE WITH POTENTIAL

75 High Street & 22-24 Mortimer Street, Herne Bay, Kent, CT6 5LQ
75 High Street & 22-24 Mortimer Street, Herne Bay, Kent, CT6 5LQ
Sold Prior

Currently let at £21,780 per annum - plus vacant warehouse

A fantastic opportunity to acquire this large town centre plot which is currently occupied by a substantial antiques shop, three flats, a yard and a car park. The property is accessed via both the High Street and Mortimer Street and may benefit from sub-division or, perhaps, an alternative scheme, subject to all necessary consents being obtainable.

The residential accommodation is well presented and provides a good rental income. It is considered there may be potential for demolition of the warehouse and replacement with a residential scheme, again subject to all necessary consents being obtainable.

24B Mortimer Street has been sold on a long lease but is in the vendors name and purchasers may look to incorporate this back into the freehold title.

75 High Street

Ground Floor

Entrance hall, tearoom, office, W.C., large warehouse, display room, W.C., rear access to Mortimer Street.

Mezzanine Floor

Display area with access to Clock Tower.

Clock Tower

First Floor

Room.

Second Floor

Room.

Basement

Two large rooms.

Outside

Car parking area.

Tenancy

Vacant.

Yard

Tenancy

Currently let at £320 per calendar month. Further information will be available to download from the Clive Emson website.

22 Mortimer Street

Lower Ground Floor

Hallway, kitchen/dining room, two bedrooms, living room, bathroom with W.C., bedroom with en-suite, shower room with W.C. and further W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £800 per calendar month.

First Floor

Ancillary storage.

24A Mortimer Street - Flat

Tenure

Sold on a lease for a term of 125 years, from 1st January 1988. Further information will be available to download from the Clive Emson website.

24B Mortimer Street

Second Floor

Entrance hall, storage room and shower room with W.C.

Third Floor

Kitchen/living room and two bedrooms.

Tenure

Sold on a long lease for a term of 125 years from 1st January 1988. Further information will be available to download from the Clive Emson website.

Auctioneer's Note

24B Mortimer Street has been sold on a long lease but is in the vendor’s name and has a rental income of £695 per calendar month.

Site Measurements

The site extends to 0.08 hectares (0.19 acres).

Local Planning Authority

Canterbury City Council. Tel: 01227 862178. Website: canterbury.gov.uk.

Freehold with Part Vacant Possession

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/