Lot 102

FREEHOLD COMMERCIAL INVESTMENT

134 High Street, Hythe, Kent, CT21 5LA
134 High Street, Hythe, Kent, CT21 5LA
Guide Price £220,000+ * + Fees

Currently let at £10,000 per annum

Rising to £12,000 per annum from February 2022

Applicants may view the lot externally only

Situated on the southern side and in the heart of Hythe High Street lies this attractive terraced property let to a firm of accountants. It lies within the town's main shopping street in a prominent location adjacent to The Butt Of Sherry Public House and close to various retailers, including JC Rook & Son, WH Smith, Boots, various charity shops, restaurants, cafes, etc.

Ground Floor

Large front office with stairs to first floor, copier/filing room and rear office.

First Floor

Landing with kitchen, stairs to second floor, office to front (may offer potential for sub-division into two smaller rooms, subject to all necessary consents being obtainable), rear office and toilets.

Second Floor

Storage/staff room.

Outside

Parking to rear with access via Theatre Street.

Tenancy

Let under the terms of a seven year lease, from 4 February 2021, at a current rental of £10,000 per annum, rising to £12,000 per annum in February 2022 with a review in February 2025. A copy of the Occupational Lease will be available within the legal pack via the Clive Emson website.

Local Planning Authority

Folkestone & Hythe District Council. Tel: 01303 853278. Website: folkestone-hythe.gov.uk.

134 High Street, Hythe, 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/