Lot 169 Commercial Premises And A Pair Of Two- Bedroom Flats For InvestmentAuction Date:
12th June 2024
106 Sandgate Road, Folkestone, Kent, CT20 2BW
Currently let at £17,940 per annum - Plus vacant commercial premises
Situated within a parade of properties on the northern side of Sandgate Road, (Folkestone's principal retail thoroughfare), lies this freehold property comprising a ground floor retail unit, and two, two-bedroom flats on the upper parts. The two flats have their own communal entrance at ground floor level, separate to the retail unit.
Known as The Wishing Well, the property is sandwiched between Santander and David J Payne carpets and is close to other retail units.
Commercial
Main shop, rear store room, courtyard area for bins with pedestrian access to the rear.
EPC Information
Total floor area 192 sq.m, rating of B (46).
Residential
Separate entrance to the residential flats.
Ground Floor
Communal entrance with stairs to first floor.
Flat 1 (106A)
Entrance hall, open-plan living room/kitchen, two bedrooms and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month.
Council Tax Band B
EPC Information
Total floor area 60 sq.m, rating of C.
Top Floor
Flat 2 (106B)
Entrance hall, open-plan living room/kitchen, two bedrooms and bathroom/W.C
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £745 per calendar month.
Council Tax Band B
EPC Information
Total floor area 61 sq.m, rating of C.
Freehold with Part Vacant Possession
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
