Lot 43 City Centre Commercial Investment And Adjacent Vacant Commercial Premises With PotentialAuction Date:
18th September 2024
2 & 3 Orange Street, Canterbury, Kent, CT1 2JA
Currently let at £36,000 per annum, plus vacant two storey commercial premises
The two adjacent properties are situated almost equidistant from The Marlowe Theatre and the main tourist entrance to Canterbury Cathedral in the heart of the city. 2 Orange Street is let and trading as Mister Miyagi’s Sushi restaurant, while 3 Orange Street is vacant.
2 Orange Street
Tenancy
Let under the terms of a 10-year lease from 1st May 2021 at a current rental of £36,000 per annum.
A copy of the lease, including floor plan, will be available in the legal pack, which will be available to download from the Clive Emson website.
EPC Information
EPC rating D (89). Total useful floor area 290 sq.m.
3 Orange Street
Vacant two-storey commercial property which may be suitable for a variety of uses or, perhaps, conversion to residential, subject to all necessary consents being obtainable.
Ground Floor
Entrances to both front and side, two rooms, W.C. and side hallway with stairs to first floor.
First Floor
Open plan office room and W.C.
EPC Information
The property has EPC rating 82 (D).
Total useful floor area 110 sq.m.
Local Planning Authority
Canterbury City Council. Tel: 01227 862178. Website www.canterbury.gov.uk.
Site Measurements
The site extends to 0.02 hectares (0.05 acres).
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
