Lot 73

TOWN CENTRE COMMERCIAL INVESTMENT WITH FUTURE POTENTIAL

20 Broadway, Sheerness, Kent, ME12 1AF
20 Broadway, Sheerness, Kent, ME12 1AF
Guide Price £220,000 – £230,000 * + Fees

Currently let at £14,000 per annum

Applicants may view the lot externally only

A large three storey Grade II Listed property situated in the busy town centre with rear vehicular access for loading, and the Trinity Place public car park also located at the rear.

The entire premises are let to the British Red Cross Society who have been in occupation for many years (since approximately 2003) at a current rent of £14,000 per annum.

Existing Accommodation

Ground Floor

Large retail area - maximum internal width 16’ (4.9m.) x maximum depth 51’6“ (15.75m.).

Rear room/kitchen -
17’ (5.81m.) x 27’ 8” (8.5 m.).

Rear loading area with shutters doors - 7’5” (2.3 m.) x 15’7” (4.8 m.). Staff W.C.

First Floor

Open plan room maximum width 16’4” (5m.) x maximum depth 52’5” (16m.).

Second Floor

Landing, open plan room - maximum width 14’4” (5m.) x maximum depth 25’(7.6m.).

Tenancy

Let on a commercial lease for a term of 10 years from 15th December 2013 at a current rent of £14,000 per annum.

Planning

A Pre-application Report, prepared by Swale Borough Council, indicates that the conversion of the upper parts to provide two self-contained flats may be acceptable, subject to all necessary consents being obtainable.

Development would be subject to negotiation with the existing tenants to achieve vacant possession of the upper floors interested parties must make their own investigation with regards to this.

Local Planning Authority

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

20 Broadway, 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/