Lot 83 - Freehold Commercial And Residential Investment
9 Grace Hill, Kent, CT20 1HA
Guide Price: *
£190,000
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:
£231,000Bid history
38 bidsN
18/09/2024 12:14:26 - £231,000
IThis is an automatic bid as the bidder has set a maximum bid for this lot
18/09/2024 12:14:21 - £230,000
N
18/09/2024 12:14:20 - £230,000
See all 38 bids ▾
Currently let at £21,480 per annum
Located in Grace Hill, within close proximity to Rendezvous Street, the town centre, university and the Creative Quarter in Tontine Street, this four storey mid-terraced property is arranged as a ground floor commercial investment with two flats on the upper floors, both let on Assured Shorthold Tenancy Agreements.
Commercial
Ground Floor
Let to Channel Cars under the terms of a seven-year lease from 1st August 2024 at a current rental of £550 per calendar month (£6,600 per annum).
EPC
EPC Rating D(79). Total floor area 81 sq.m.
Residential
Separate entrance hall for the residential units with stairs to first floor. Landing and store cupboard.
Flat A
First Floor
Living room/kitchen, bedroom and bathroom.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £510 per calendar month.
Council Tax Band A
Flat B
Second/Third Floor Maisonette
Living room, kitchen, three bedrooms and bathroom.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £730 per calendar month.
Council Tax Band A
Auctioneer's Note
At the time of going to print the Auctioneers have been unable to internally inspect the properties. The internal photos have been provided by the Seller and the accommodation information has been provided by the Joint Auctioneers.
Joint Auctioneer
Ashe Property Management Limited, 22 Oxenden Road, FOLKESTONE, Kent, CT20 3NJ, 01303 241034
Summary
- Lot number
- 83
- Auction end
- 18th Sep at 12:22
- Property type
- Other
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 2
- Council tax band
- Ask Agent
Summary
- Lot number
- 83
- Auction end
- 18th Sep at 12:22
- Property type
- Other
- Tenure
- Ask Agent
- Bedrooms
- 4
- 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.
