Lot 164 Freehold High Street Shop And Flat InvestmentAuction Date:
24th July 2024
4 Cheriton High Street, Folkestone, Kent, CT19 4ER
Currently let at £10,000 per annum
Currently let at £10,500 per annum
Situated in the heart of Cheriton High Street is this end -terrace building, previously trading at Cheriton Balti and Tandoori Takeaway (now closed due to retirement), together with a two-bedroom flat on the first floor. The entire property is let on a single lease.
Commercial
Ground Floor
Customer waiting area and servery desk, commercial kitchen, food preparation room, store rooms and W.C.
Residential
Ground Floor
Separate entrance leading to hallway with stairs to first floor.
First Floor
Landing, two bedrooms, living room, kitchen and shower room with W.C.
Outside
Rear garden.
Council Tax Band B
Tenancy
Let under the terms of a 20-year lease, from 29th September 2002, at a current rental of £10,000 per annum.
Auctioneer's Note
At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the Joint Auctioneer and interested applicants should rely on their own investigations to verify the information provided.
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
