Lot 85 - FREEHOLD COMMERCIAL INVESTMENT

MARCH AUCTION

Currently let at £30,000 per annum

Fronting Island Road (the A28) at Hersden which lies about five miles to the north east of the city of Canterbury, is this freehold commercial investment.

EPC Information

Total usable floor space 239 sq. m. Rating E (103).

Tenancy

The entire site, which comprises two adjacent areas of land is let under the terms of a 10-year lease, from 1st January 2020, at a current rental of £30,000 per annum. A copy of the Occupational Lease will be contained in the legal pack available to download from the Clive Emson website.

We understand, the site has subsequently been sub-let to a hand car-washing facility (Licence dated 25th August 2021 and includes forecourt, waiting room, office, garage workshop & storage) and a car sales facility (Licence dated 25th August 2021 including forecourt to side, three parking spaces in front of office, main showroom/office at front and internal kitchen/W.C., rear garage workshop and rear yard). We understand, both have been in occupation for a number of years.

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/