Lot 33 Existing Commercial Site & Buildings Currently Let With Potential For RedevelopmentAuction Date:
22nd March 2023
Paragon House, Granville Road, Maidstone, Kent, ME14 2BJ
Currently let at £38,204 per annum
A substantial commercial property situated in a mixed residential and commercial area, situated conveniently for the town centre and mainline commuter railway station. It is considered there is potential for redevelopment of the site with residential units, subject to the necessary consents being obtainable.
Opposite the site is a new residential scheme of flats extending to four floors in construction, which is nearing completion and is to be known as Adolphus House.
It is understand the parking spaces on the right-hand side of the car parking area is subject to a permanent right to park cars for the premises known as Amies Building. The design of any future scheme for redevelopment must take into account existence of the car parking spaces and the rights of way to them.
Tenancies
The premises are currently let in different sections to seven separate tenants, currently producing a total rental income of £38,204 per annum.
Further details are available within the legal documentation which can be downloaded 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
