Lot 111 Freehold Town Centre InvestmentAuction Date:
5th May 2022
15 New Street and 16 & 16A King Street, Sandwich, Kent, CT13 9BT
Currently let at £15,630 per annum
A pair of shops for investment occupying the ground floor of this mid-terrace building with the upper parts having been sold on a long lease.
The property is situated in the centre of the popular town of Sandwich among both local and nationwide retailers, as well as being a short distance from Sandwich mainline railway station.
15 New Street
Tenure
Sold on a long lease at a peppercorn ground rental. Further information will be available to download from the Auctioneer’s website.
16 King Street - Real Style
Shop floor (four chairs and two wash basins), kitchen and W.C.
Tenancy
Let under the terms of a new three-year commercial lease at a current rental of £8,200 per annum.
16A King Street - Opticians
Shop floor, treatment room, kitchen and W.C.
Tenancy
Let under the terms of a new three-year commercial lease at a current rental of £7,430 per annum.
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Finn's
01303 612147
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 Buyers Fees
