Lot 133 Mixed Use Investment Property And YardAuction Date:
1st November 2023
88/88A Parsonage Manorway, Belvedere, Kent, DA17 6LY
Currently let at £27,000 per annum
This mixed use investment property consists of a ground floor retail premises with flat above and yard to the side.
Located in a parade of shops in a mostly residential area of Belvedere to the west of the River Thames and well placed for local bus routes approximately equidistant between railway stations at Erith, Belvedere, Barnehurst and Abbey Wood.
88 Parsonage Manor Way
Ground Floor
Currently arranged as a Tanning Salon.
Outside
Yard to the side.
Tenancy
Shop and Yard let on the terms of a Commercial Lease until January 2025 at a current rental of £18,000 per annum.
88A Parsonage Manor Way
First Floor Flat
Living room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on the terms of an Assured Shorthold Tenancy, currently holding over at a current rental of £750 per calendar month.
Council Tax Band B
Auctioneer's Note
At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to very the information provided.
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
