Lot 85 Freehold InvestmentAuction Date:
5th May 2022
5 & 5A Alefe Way, Iwade, Sittingbourne, Kent, ME9 8TX
Currently let at £8,050 per annum
A mid-terrace property situated in the centre of the village of Iwade in a predominantly residential area. The ground floor is let on a commercial lease to Iwade Village Barbers and the first floor flat has been sold on a long lease.
Iwade Village Barbers
Ground Floor
Shop floor, staff room and W.C.
Outside
Parking space to rear.
Tenancy
Let on a 10 year Commercial lease from 1st April 2022 at a current rent at £8,000 per annum.
Flat 5A
Tenure
Remainder of a 125 year lease, from 25th December 2000 at a current ground rental at £50 per annum.
Viewing
External only.
Matterport 3D Tour
https://my.matterport.com/show/?m=vowtYN7gPmU
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
George Webb Finn
01795 470 556
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
