Lot 26 Prime City Freehold Commercial And Residential InvestmentAuction Date:
13th December 2023
36 St Margaret's Street, Canterbury CT1 2TG, & 3A Hawks Lane, Canterbury, Kent, CT1 2NU
On instructions of the Trustees
Currently let at £25,700 per annum rising to £38,200 per annum in March 2024
Situated in a prime city centre location, on the corner of Hawks Lane and St Margaret's Street, on one of the main thoroughfares from the Castle Street car parks to the High Street. The building is situated close to numerous multiple retailers, restaurants, estate agents, the Canterbury Tales visitor centre and almost opposite the Marlowe Shopping Arcade, and within a short walk of the cathedral.
The accommodation comprises a ground floor and basement commercial unit, let on a 10-year lease and a residential unit on the upper two floors.
Commercial
Ground Floor/Basement
Tenancy
Let under the terms of a 10-year lease, from 1st August 2023, at an initial rental of £12,500 per annum, rising to £25,000 per annum on the 24th March 2024 and, again, rising to £27,000 per annum on the 1st August 2025. A copy of the lease will be included in the legal pack which will be available to download from the Clive Emson website.
EPC Information
EPC Band C (68). Total usable floor area 112 sq.m.
Residential
3A Hawks Lane
With separate access from Hawks Lane.
Ground Floor
Entrance hall with stairs to first floor.
First Floor
Hallway, living room and kitchen/dining room.
Second Floor
Landing, two bedrooms and shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £1,100 per calendar month.
Council Tax Band B
EPC Information
EPC Band E. Total floor area 93 sq.m.
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
