Lot 24 Freehold Block For InvestmentAuction Date:
8th February 2023
108 Tankerton Road, Whitstable, Kent, CT5 2AJ
Currently let at £20,760 per annum
A three storey mid-terrace building situated on Tankerton Road adjacent to both local and nationwide retailers. The property is arranged as a ground floor commercial unit which is trading as a hair salon with two self-contained flats above.
This investment is located close to the seafront and the desirable town of Whitstable with its harbour and mainline railway station.
Ground Floor
Hair 108
Hair salon, store room to rear and W.C.
Tenancy
Let under the terms of a five- year commercial lease from 6th April 2016, at a current rental of £550 per calendar month.
Ground Floor
Access to flats via the rear of the property.
First Floor
Flat 1
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at £610 per calendar month.
Council Tax Band A
Second Floor - Flat 2
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at £570 per calendar month.
Council Tax Band A
Auctioneer’s Note
The Auctioneers have been advised by the Seller that the commercial tenant has expressed an interest in signing a new commercial lease.
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
