Lot 102 - Town Centre Commercial And Ground Rent Investment
Brenchley House, 75-77 High Street, Kent, ME10 4AW
Guide Price: *
£100,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£124,000Bid history
31 bidsS
01/11/2023 15:02:41 - £124,000
P
01/11/2023 14:57:53 - £122,000
S
01/11/2023 14:53:04 - £121,000
See all 31 bids ▾
Currently let at £13,110 per annum
An attractive and substantial period property situated in the busy town centre.
In recent years the building was converted to provide a pair of ground floor retail units with nine self-contained flats above, together with parking at the rear.
Ground Floor
Unit 1 - Tenancy
Let on a commercial lease for a term of five years from 13th June 2023 at a rental of £6,060 per annum.
Unit 3
Tenancy
Let on a commercial lease for a term of five years from 13th June 2023 at a rental of £5,700 per annum.
Upper Floors
Tenure
Each flat is sold on ground leases for a term of 125 years from 25th March 2021.
Auctioneer's Note
Section 5B Notices under the Landlord and Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under this legislation.
Summary
- Lot number
- 102
- Auction end
- 1st Nov at 15:07
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 102
- Auction end
- 1st Nov at 15:07
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson Auctioneers
0345 8500333
Rocky Hill, London Road, Maidstone, Kent, ME16 8PY
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
