Lot 117

FREEHOLD MIXED INVESTMENT COMPRISING CAF… AND TWO-BEDROOM FLAT

33 East Street, Sittingbourne, Kent, ME10 4BQ
Sold Prior

Currently let at £22,600 per annum

A freehold mid-terrace building which is arranged as a ground floor café and two-bedroom apartment on the upper parts. The café, which we understand has been trading for more than 30 years, is currently let and producing a good income. The residential aspect is arranged over two floors with a private entrance.

Commercial

Barclays Café

Ground Floor

Seating area/serving area, prep room, store and kitchen.

Outside

Two W.C.s.

Tenancy

Let under the terms of a 12-year commercial lease from 19th October 2017 at a current rental of £13,230 per annum (excluding VAT) until 18th October 2023, rising to £13,891.50 per annum (excluding VAT) from 19th October 2023.

Residential

33A East Street

Ground Floor

Access to rear.

First Floor

Kitchen/living room, utility area, bedroom and bathroom with W.C.

Second Floor

Bedroom.

Tenancy

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

Viewing

Interested applicants may view the Lot externally only.

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/