Lot 111

INVESTMENT IN DESIRABLE LOCATION WITH GOOD POTENTIAL

7 & 7B High Street, Whitstable, Kent, CT5 1AP
Guide Price £350,000+ * + Fees

Currently let at £24,000 per annum

Applicants may view the lot externally only

A deceptively spacious mid-terrace property (approx. 237 sq.m. (2,551 sq.ft.) located in the popular seaside town of Whitstable, close to nationwide retailers and the seafront.

Currently let under the terms of a commercial lease, the tenants occupy both the ground floor shop and the residential accommodation above.

It is believed there may be potential to reconfigure the whole building, incorporating the unused area to provide further residential accommodation, subject to all necessary consents being obtainable.

7 High Street

Exquisite

Retail space, stock room, kitchenette, W.C., stock room, stock room and W.C.

7B High Street

Private access off High Street.

First Floor

Hallway, kitchen, living room, two bedrooms and bathroom with W.C.

Unused Ancillary Store

Empty and unused large storage room with no access (formerly accessed via external staircase). Approx. measurement 33 sq.m. (355 sq.ft.)

Outside

Garden to rear.

Tenure

Let under the terms of a 10-year commercial lease from 2017, ending on 24th March 2027 at a current rental of £24,000 per annum.

Further lease information will be available to download from the Clive Emson website.

Local Planning Authority

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

Site Measurements

Measurements have been provided by the Seller and interested parties should rely on their own investigations.

EPC Information

Commercial rating: C(54). Residential rating: E(49).

Viewing

Viewing is external only during daylight hours.

7 & 7B High Street, Whitstable, Kent
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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/