Lot 20 - Freehold Investment In Neighbourhood Parade
156/156a Faversham Road, Kennington, Kent, TN24 9AE
Guide Price: *
£200,000
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:
£256,500Bid history
25 bidsMThis is an automatic bid as the bidder has set a maximum bid for this lot
01/11/2023 11:41:13 - £256,500
M
01/11/2023 11:40:56 - £255,500
MThis is an automatic bid as the bidder has set a maximum bid for this lot
01/11/2023 11:40:42 - £254,500
See all 25 bids â–¾
Currently let at £16,500 per annum
An end-terrace investment located in a neighbourhood parade in the popular district of Kennington, which lies on the western side of Ashford and a short drive to Junction 9 of the M20. The entire property, which comprises a ground floor shop (currently trading as Kennington Barbers) and a three-bedroom maisonette with separate access to the rear, is let under a 10-year lease from 2018.
The ground floor has been underlet on a Lease Agreement dated 1st November 2020 with Landlord Licence, and the maisonette has been underlet on an Assured Shorthold Tenancy Agreement dated 1st May 2023 with landlord licence.
The maisonette has a gas heating system via radiators and double glazed windows.
Commercial
156 Faversham Rd - Ground Floor
Main salon, rear room (staff room) and W.C. with wash- hand basin.
Outside
Parking spaces to rear.
Residential
156A Faversham Rd
External staircase leading to communal causeway for the maisonettes above the parade of shops.
First Floor
Private entrance, entrance hall, kitchen and living room.
Second Floor
Landing, three bedrooms and bathroom/W.C.
Tenancy
The entire property is let under the terms of a 10-year lease from 13th April 2018 and ending on and including the 12th April 2028 at a current rental of £16,500 per annum.
Summary
- Lot number
- 20
- Auction end
- 1st Nov at 11:46
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 20
- Auction end
- 1st Nov at 11:46
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- 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.
