Lot 73 High Street Commercial InvestmentAuction Date:
1st May 2024
Cosy Tea Room, 4-6 High Street, Elham, Canterbury, Kent, CT4 6TD
Currently let at £11,000 per annum
Situated in the heart of the picturesque village of Elham, in a prominent trading position, is this attractive period building. The ground floor double-fronted premises are let and trading as The Cosy Tea Rooms.
Accommodation
Main seating area, second seating area, kitchen, ladies and gents W.C.s and storage.
Tenancy
Let on a 10- year Occupational Lease, from 3rd August 2018 to 2nd August 2028, at a current rental of £11,000 per annum. The lease is excluded from Sections 24-28 of the 1954 Landlord & Tenant Act Part 2.
Tenure
Remainder of a Head Leasehold interest of 999-years, from 8th April 2015, expiring on 7th April 3014, at a peppercorn ground rental. Further information will be available to download from the Clive Emson website.
EPC Information
Total floor area 78 sq.m. The property has EPC rating of 114 â.
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
