Lot 68 - Town Centre Commercial And Residential Investment
28 High Street, Kent, ME6 5DF
Guide Price: *
£360,000
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:
£357,000Bid history
7 bidsM
12/06/2024 09:47:13 - £357,000
BThis is an automatic bid as the bidder has set a maximum bid for this lot
11/06/2024 14:08:54 - £356,000
P
11/06/2024 14:08:54 - £356,000
See all 7 bids ▾
Guide Price* : £360,000 - £365,000
Currently let at £36,700 per annum
A large three storey building situated at the heart of the busy town centre of Snodland and divided to provide a ground floor betting shop with two self-contained flats above.
Ground Floor (Betting Shop)
Tenancy
Let on a commercial lease to Coral Racing Limited for a term of six years from 9th May 2014 at a current rental of £17,500 per annum. The tenants are now holding over.
First Floor
Flat A
Rear entrance hall, living room, two bedrooms, kitchen and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £800 per calendar month.
Council Tax Band B
Second Floor
Flat B
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £800 per calendar month.
Council Tax Band A
Outside
On site car parking to rear.
Auctioneer’s Note
At the time of publication the Auctioneers have been unable to internally inspect Flat B, therefore interested applicants should rely on their own investigations to verify the accommodation details.
Summary
- Lot number
- 68
- Auction end
- 12th Jun at 12:06
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 2
- Bathrooms
- 2
- Council tax band
- Ask Agent
Summary
- Lot number
- 68
- Auction end
- 12th Jun at 12:06
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 2
- Bathrooms
- 2
- 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.
