Lot 165 Freehold High Street InvestmentAuction Date:
12th June 2024
7, 7A & 7B High Street, Hythe, Kent, CT21 5AD
Currently let at £16,280 per annum
This high street investment is situated at the western end of Hythe High Street, close to the main Pay & Display car park and forming part of the main shopping area of Hythe, close to other retail outlets, restaurants and cafes etc.
The property comprises two retail shops and a three bedroom flat to the first floor.
Commercial
7 High Street - Trading as Fido & Fetch
Main retail area, store area and W.C.
Tenancy
Let under the terms of a five-year lease, from 21st May 2021, at a current rental of £4,500 per annum. The lease is excluded from Part 2 of the 1954 Act.
EPC Information
19 sq.m. Rating D (94).
7A High Street - Trading as The Chair Lady
Tenancy]
Let under the terms of a five-year lease, from 1st June 2022, at a current rental of £6,500 per annum.
EPC Information
33 sq.m Rating E (101).
Residential
Ground Floor
Separate entrance with stairs leading to:
First Floor
Landing, L-shaped living room, kitchen, three bedrooms, bathroom with W.C. and further shower room with wash hand basin.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £440 per calendar month.
Council Tax Band A
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
