Lot 114 Town Centre Commercial InvestmentAuction Date:
18th September 2024
2 West Street, Sittingbourne, Kent, ME10 1AW
Currently let at £16,500 per annum
A two-storey mid-terrace property located in Sittingbourne’s town centre, close to both local and national retailers. The property is let on a 10-year lease which expires in 2028 however, we understand the premises has been used as an estate agents office for 20 years.
The property is considered ideal for continued investment and was re-roofed in 2019.
Ground Floor
Retail area to front, rear office and W.C.
First Floor
Landing, W.C., kitchen/staff room, storage room and office to front.
Outside
Garden to rear.
Viewing
External only.
Tenancy
Let on a 10-year commercial lease from 13th April 2018 at a current rental of £16,500 per annum.
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
