Lot 10

FREEHOLD PROPERTY ARRANGED AS LETTING UNITS

Riverbank House, Ash Lane, Minster-on-Sea, Sheerness, Kent, ME12 2DB
Riverbank House, Ash Lane, Minster-on-Sea, Sheerness, Kent, ME12 2DB
Guide Price £400,000+ * + Fees

Currently let at £30,600 per annum

Applicants may view the lot externally only

A large property situated on the outskirts of a holiday park, formerly arranged as a restaurant, launderette, offices and management’s accommodation.

The building is now arranged as multiple letting units with four of the units being let, with the ground floor of the main house, currently vacant and in need of work.

The current accommodation is found in good order and it is considered that there may be potential for extending the property at ground floor and first floor level, subject to all necessary consents being obtainable.

The Beach Hut

Bedroom/living room, kitchenette and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £575 per calendar month.

Sun Lounge

Living room/kitchen, bedroom and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £575 per calendar month.

Ground Floor Flat

Living room, kitchen, bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month.

Riverbank House

Ground Floor

Entrance hall, W.C., living room, dining room, and former kitchen.

Tenancy

Currently vacant.

First Floor Flat

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

Tenancy

Let on an Assured Shorthold Tenancy at £750 per calendar month.

Communal Utility Room

With private access.

Outside

Surrounding gardens and parking.

Local Planning Authority

Swale Borough Council. Tel: 01795 417850. Website: swale.gov.uk.

Freehold with Part Vacant Possession

Riverbank House, Ash Lane, Minster-on-Sea, Sheerness, 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/