Lot 56 Freehold High Street Commercial Investment With Pre-app Advice For Two FlatsAuction Date:
2nd November 2022
Barclays House, 11-13 (odds) High Street, Hythe, Kent, CT21 5AD
On the instructions of the Trustees
Currently let at £18,084.75 per annum
A commercial investment situated at the western end of Hythe high street, close to one of the main pay and display car parks and forming part of the main shopping area, close to other retail outlets, restaurants, cafes, etc. The property is let to an Estate Agent, C R Child & Partners.
Tenancy
The entire property is let under the terms of a 10-year fully repairing and insuring lease from 1st January 2017 at a current rental of £18,000 per annum. There are rent reviews in 2023 and 2026.
Planning
Pre-Application Advice has been sought from Folkestone & Hythe District Council for part conversion and extension (upwards) to provide two apartments. A copy of the Pre-Application Advice and accompanying documents will be available to download from the Clive Emson website.
There is an addendum available to be read
in conjunction with the legal documentation.
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
