Lot 68 Two Commercial Units And Five Flats For InvestmentAuction Date:
16th June 2022
52-54 Mortimer Street, Herne Bay, Kent, CT6 5PS
Currently let at £56,100 per annum
Situated in the centre of Herne Bay close to local amenities and the seafront is this mixed use property for investment.
Located on the corner of Beach Street and Mortimer Street, the building comprises a double-fronted hair salon, a separate commercial unit and five self-contained flats.
The building is in good order and may be considered ideal for continued investment.
Commercial
52-54 Mortimer Street
Ground Floor
Double-unit shop floor, rear hall, treatment room, kitchen and W.C.
Outside
Garden to rear.
Tenancy
Let on a five-year lease from 4th July 2020 at a current rental of £12,000 per annum, rising to £15,000 in year five.
17 Beach Street
Entrance hall, kitchen, W.C. and two rooms.
Tenancy
Let on a new 10-year commercial lease, at a current rental of £4,500 per annum, with a rent review after five years.
Residential
54 Mortimer Street
Ground Floor
Communal entrance.
Flat 1 - 54A
First Floor
Entrance hall, shower room with W.C., bedroom, kitchen/living room.
Ground Floor
Bedroom.
Tenancy
Let at a current rental of £700 per calendar month.
Flat 2 - 54B
Second Floor
Entrance hall, kitchen/living room, bedroom and shower room with W.C.
Third Floor
Bedroom.
Tenancy
Let at a current rental of £800 per calendar month.
15 Beach Street
Ground Floor
Communal entrance.
Flat 1
First Floor
Living room and kitchen.
Second Floor
Bedroom and en-suite shower room with W.C.
Tenancy
Let at a current rental of £600 per calendar month.
Flat 2
Second Floor
Entrance hall, kitchen/living room, shower room with W.C. and bedroom.
Tenancy
Let at a current rental of £600 per calendar month.
Flat 3
Second Floor
Entrance hall, living room/kitchen and bedroom.
Third Floor
Bathroom with W.C.
Tenancy
Let at a current rental of £600 per calendar month.
Tenancies
Further information will be available to download from the Clive Emson website.
All Five Flats - Council Tax Band B
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Wilbee & Son
01227 374010
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
