Lot 72 - FREEHOLD COMMERCIAL INVESTMENT AND UPPER PARTS WITH PERMISSION FOR CONVERSION

Sold £195,000

Currently let at £13,000 per annum

A two storey corner property situated in Favershams popular town centre, close to nationwide retailers and Favershams mainline railway station.

The property is let on a commercial lease until 2022 and the upper parts have been granted consent for conversion into a self-contained one-bedroom flat.

Existing Accommodation

Ground Floor

Retail area and rear lobby with separate access.

First Floor

Office and W.C.

Tenancy

Let on a commercial lease, from 1st January 2018 (expires 31st December 2022). The lease can be terminated upon giving 12 months written notice. Further information will be available to download from the Clive Emson website.

Proposed Accommodation

Commercial

Ground Floor

Retail area and W.C.

Residential

Ground Floor

Private entrance leading to first floor.

First Floor

Entrance hall, living room/kitchen/dining room, bedroom and bathroom with W.C.

Planning

Planning and Listed Building consent has been granted by Swale Borough Council under reference: 19/501801/FULL and 19/501802/LBC respectively both dated 20th June 2019 for internal alterations to create 1 no. first floor flat, subject to conditions. A copy of the planning documents and proposed plans will be available to download from the Clive Emson website or the Local Planning Authority website.

Local Planning Authority

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

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/