Lot 87

SUBSTANTIAL MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT IN HIGH STREET LOCATION

Imber Court, High Street, Cranbrook, Kent, TN17 3DF
Guide Price £900,000+ * + Fees

Currently let at £53,700 per annum

Applicants may view the lot externally only

A fantastic opportunity to acquire this substantial property located in the main thoroughfare of Cranbrook High Street surrounded by many local shops, restaurants, cafes, banks and other amenities.

The property comprises two commercial premises, two self-contained flats both let on Assured Shorthold Tenancy Agreements and a further cottage to the rear of which is also let. There is a further flat which has been sold on a lease.

All areas of the property are accessed via an enclosed arcade area which also houses two W.C.s

Commercial

All Wrapped Up

Ground Floor - Front

Main retail area and staff room to the rear.

Tenancy

Let on a commercial lease for 10 years from 2018 at £20,692 per annum.

Food For Thought

Ground Floor - Rear

Indoor seating area and kitchen. Also occupies some of the outside courtyard area

Tenancy

Let on a commercial lease for 10 years from 2018 at £7,708 per annum.

Residential

Ground Floor

Communal access to the two flats.

First Floor

Flat 1

Open plan kitchen/living room, bedroom with en-suite bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £7,800 per annum.

Flat 2

Open plan kitchen/living room, bedroom with en-suite bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £7,800 per annum.

The Flat Imber Court

Sold on a 99-year lease from 19th February 1987 at a current ground rental of £100 per annum.

Little Imber

Ground Floor

Open plan living/dining room, kitchen leading to shower room with W.C.

First Floor

Bedroom with en-suite bathroom with W.C.

Outside

Courtyard garden.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £9,600 per annum.

Imber Court, High Street, Cranbrook, 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/