Lot 68 Town Centre Commercial And Residential InvestmentAuction Date:
12th June 2024
28 High Street, Snodland, Kent, ME6 5DF
Currently let at £36,700 per annum
A large three storey building situated at the heart of the busy town centre of Snodland and divided to provide a ground floor betting shop with two self-contained flats above.
Ground Floor (Betting Shop)
Tenancy
Let on a commercial lease to Coral Racing Limited for a term of six years from 9th May 2014 at a current rental of £17,500 per annum. The tenants are now holding over.
First Floor
Flat A
Rear entrance hall, living room, two bedrooms, kitchen and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £800 per calendar month.
Council Tax Band B
Second Floor
Flat B
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £800 per calendar month.
Council Tax Band A
Outside
On site car parking to rear.
Auctioneer’s Note
At the time of publication the Auctioneers have been unable to internally inspect Flat B, therefore interested applicants should rely on their own investigations to verify the accommodation details.
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
