Lot 43 - City Centre Commercial Investment And Adjacent Vacant Commercial Premises With Potential
2 & 3 Orange Street, Kent, CT1 2JA
Guide Price: *
£490,000
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:
£521,000Bid history
26 bidsP
18/09/2024 11:13:40 - £521,000
RThis is an automatic bid as the bidder has set a maximum bid for this lot
18/09/2024 11:13:14 - £520,000
P
18/09/2024 11:13:14 - £519,000
See all 26 bids ▾
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
Summary
- Lot number
- 43
- Auction end
- 18th Sep at 11:18
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 43
- Auction end
- 18th Sep at 11:18
- 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.
