Lot 26 - Prime City Freehold Commercial And Residential Investment
36 St Margaret's Street, Canterbury Ct1 2tg, & 3a Hawks Lane, Kent, CT1 2NU
Guide Price: *
£330,000
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:
£376,000Bid history
41 bidsP
13/12/2023 12:05:01 - £376,000
D
13/12/2023 12:04:03 - £375,000
P
13/12/2023 12:03:37 - £374,000
See all 41 bids ▾
On instructions of the Trustees
Currently let at £25,700 per annum rising to £38,200 per annum in March 2024
Situated in a prime city centre location, on the corner of Hawks Lane and St Margaret's Street, on one of the main thoroughfares from the Castle Street car parks to the High Street. The building is situated close to numerous multiple retailers, restaurants, estate agents, the Canterbury Tales visitor centre and almost opposite the Marlowe Shopping Arcade, and within a short walk of the cathedral.
The accommodation comprises a ground floor and basement commercial unit, let on a 10-year lease and a residential unit on the upper two floors.
Commercial
Ground Floor/Basement
Tenancy
Let under the terms of a 10-year lease, from 1st August 2023, at an initial rental of £12,500 per annum, rising to £25,000 per annum on the 24th March 2024 and, again, rising to £27,000 per annum on the 1st August 2025. A copy of the lease will be included in the legal pack which will be available to download from the Clive Emson website.
EPC Information
EPC Band C (68). Total usable floor area 112 sq.m.
Residential
3A Hawks Lane
With separate access from Hawks Lane.
Ground Floor
Entrance hall with stairs to first floor.
First Floor
Hallway, living room and kitchen/dining room.
Second Floor
Landing, two bedrooms and shower room/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £1,100 per calendar month.
Council Tax Band B
n EPC Information
EPC Band E. Total floor area 93 sq.m.
Joint Auctioneer
Harrisons Chartered Surveyors, Springfield Rag Room, Mill Lane, MAIDSTONE, ME14 1GU, 01622 692144
Summary
- Lot number
- 26
- Auction end
- 13th Dec at 12:10
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 26
- Auction end
- 13th Dec at 12:10
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 2
- 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.
