Lot 101

FREEHOLD INVESTMENT WITH PLANNING FOR DETACHED HOUSE TO THE REAR

112, 112A, 112B, 112C & 112D High Street, Hythe, Kent, CT21 5LE
112, 112A, 112B, 112C & 112D High Street, Hythe, Kent, CT21 5LE
Withdrawn After

Currently let at £34,950 per annum Plus planning permission for a detached house

Situated in the heart of Hythe High Street in a prominent location is this investment property, with Planning Permission granted for a detached house in the rear and access off Prospect Road.

112 High Street - Loremar

Main shop/retail area, rear room/office, kitchen and W.C., store room with doors to rear and two smaller interconnecting store rooms.

Tenancy

Let under the terms of a three-year lease from
6th April 2021 at a current rental of £10,950 per annum.

112A High Street - Church Mouse Studio

Double-fronted shop with main retail area, second retail area, main store/workshop, kitchen, W.C. and two further store rooms.

Tenancy

Let under the terms of a 10-year lease from 28th June 2018 to 27th June 2028 at a current rental of £11,500 per annum.

112D High Street - Accuro Clinic

Upper Parts - Ground Floor

Central entrance door and entrance hall with stairs to upper floor.

First Floor

Landing, reception, three treatment rooms, two further Rooms, office, kitchen, bathroom/W.C. and separate W.C.

Second Floor

Five rooms.

Tenancy

Let under the terms of a five-year lease from 14th August 2020 to 13th August 2025 at a current rental of £12,500 per annum.

Outside

Part of the rear car park area has been granted Planning Permission for a detached three-bedroom two storey dwelling, facing Prospect Road.

Planning

Planning Permission has been granted by Folkestone & Hythe District Council under ref: 20/0506/FH, dated 29th October 2020, for the proposed detached three-bedroom two storey dwelling facing Prospect Road, subject to conditions.

A copy of the Planning Permission and associated drawings and other information may be downloaded from the Local Planning Authority website, folkestone-hythe.gov.uk.
Tel: 01303 853278.

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 cliveemson.co.uk/buyers-fees/