Lot 105 Freehold Commercial InvestmentAuction Date:
22nd March 2023
13 & 14 Jubilee Way, Off Whitstable Road, Faversham, Kent, ME13 8GD
Currently let at £22,000 per annum
Units 13 & 14 lie within this modern block of commercial properties on the Eurocentre Industrial Estate, which lies off Whitstable Road to the east of Faversham town centre with its mainline railway station and comprehensive shopping facilities.
The A2 and M2 (Junction 6) are approximately one and one and a half miles distance respectively. Other nearby occupiers on the estate include The Plumbers Mait, Screwfix and Howdens.
The freehold investment comprises two ground floor units, each sold on long leases, with the first floor of 13 & 14 let under a six-year lease. We understand that the first floor tenant has been in occupation for a number of years.
Units 13 & 14
First Floor
Tenancy
Let under the terms of a 6-year lease from 11th October 2021 at a current rental of £22,000 per annum. A copy of the Occupational Lease and Lease Plan are available within the legal pack, available to download from the Clive Emson website. The Lease Plan shows six parking spaces to the front.
Unit 13
Ground Floor
Sold on a 999-year lease at a peppercorn ground rent.
Unit 14
Ground Floor
Sold on a 999-year lease from 29th October 2021 at a peppercorn ground rent.
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
