Lot 18 Commercial Unit On Long Lease For InvestmentAuction Date:
22nd March 2023
13 Grace Hill, Folkestone, Kent, CT20 1HA
Currently let at £12,000 per annum
The ground floor of this mid-terrace building is offered on a long lease and let to a commercial tenant. The property is situated opposite the town library and Grace Church School, close to the town centre, Folkestone Harbour & Seafront Development (major regeneration scheme), mainline railway station (HS1) and the Channel Tunnel.
Tenancy
Let under the terms of a six-year commercial lease from 12th May 2022 at a current rental of £12,000 per annum, with the rent increasing to £15,000 per annum after 3 years.
Tenure
The remainder of a 999-year lease from 1st January 2014.
EPC Rating C
Floor Area
The net internal floor area extends to 96.99 sq.m. (1,044 sq.ft.).
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
