Lot 117 Public House With Manager's Flat, Five Guest Rooms, Commercial Unit, Gardens And ParkingAuction Date:
20th March 2024
The Seaview Hotel, 94-96 Station Road, Birchington, Kent, CT7 9RA
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
Manager’s 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.
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
