Lot 77 Freehold City Centre Commercial InvestmentAuction Date:
24th July 2024
55 St. Peters Street, Canterbury, Kent, CT1 2BE
On the instructions of the Trustees
Currently let at £35,000 per annum
Currently trading as Marlowes Restaurant, the property lies in the heart of St. Peters Street, part of the pedestrianised area of Canterbury, close to other eateries, retail properties and almost opposite The Friars which leads to the Marlowe Theatre. Other tourist attractions include Canterbury Cathedral, The Ducking Stool, Eastbridge Hospital, The Francsican Gardens, Westgate Gardens and Tower as well as The Canterbury Tales.
Tenancy
Let under the terms of a five-year lease from 14th July 2020, ending on and including 13th July 2025 at a current rental of £35,000 per annum.
A copy of the lease and details relating to the assignment will be available within the auction legal documentation, available to download from the Clive Emson website.
Ground Floor
Entrance, reception with steps to first floor, main restaurant with bar area to rear, commercial kitchen and preparation area together with storage areas.
First Floor
Landing, second restaurant area, ladies and gents W.C.
Second Floor
Landing, two rooms and W.C.
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
