Lot 117 - PUBLIC HOUSE WITH MANAGER'S FLAT, FIVE GUEST ROOMS, COMMERCIAL UNIT, GARDENS AND PARKING

Sold £600,000

Currently let at £50,000 per annum

A substantial building situated on a good sized corner plot located in the heart of Birchington. The mixed use investment lies on the corner of Prospect Road and Station Road (the main shopping street) and close to Birchington railway station and the seafront beyond.

The whole building is let on a seven-year fully repairing lease with the five letting rooms and rear commercial unit being sublet by the manager of the pub.

Commercial

Ground Floor

U-shaped bar area with central servery, kitchen and W.C.s. Separate function area and cellar with two store rooms.

Residential

Ground Floor

Communal entrance.

First Floor

Kitchen, shower room with separate W.C, office and five letting rooms.

Second Floor

Managers flat with three- bedroom accommodation.

Commercial Unit (Rear)

Office/workshop.

Outside

Beer garden to rear and off-street parking for four cars.

Tenancy

Let under the terms of a seven-year commercial lease from 15th August 2022 at a current rental of £50,000 per annum.

Viewing

External only.

Auctioneer's Note

At the time of publication, the Auctioneer has been unable to internally inspect the property. Interested applicants are advised to rely on their own investigations.

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/