Lot 112 Established Commercial Site Producing Strong IncomeAuction Date:
1st November 2024
Lambert's Yard, Dane Valley Road, St. Peters, Broadstairs, Kent, CT10 3JJ
Currently let at £111,000 per annum plus two vacant units
A commercial site measuring 0.39 hectares (0.98 acres) located to the north east of Broadstairs on Dane Valley Road which is an established commercial area.
Lamberts Yard has 15 light industrial units with all but two being currently let on written agreements. We understand the current owner has been approached by potential tenants with an expected further income in the region of £15,000 per annum, to be negotiated by the new owner.
The site has a gated entrance giving access to the majority of the units with a separate gated entrance giving access to units 1a and 1b, hardstanding throughout and a site office which will be vacant.
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Auctioneer’s Note
A tenancy schedule will be included as part of the legal pack, which will be available to download from the Clive Emson website.
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
