Auction House London

Lot 50

 

10 High Street

Herne Bay, Kent, CT6 5LH

Sold after auction for an undisclosed amount.

A Freehold Part Let Residential, Commercial and Ground Rent Investment Producing £4,770 per annum

Description

Location

The property is situated on the High Street in Herne Bay close to local shops and amenities of the Town Centre. The open spaces of East Blean Wood are also within very close proximity. Transport links are provided by Herne Bay rail station.

Note

The property has not been inspected by Auction House London. All information has been supplied by the vendor.

Description (2nd Column)

The property comprises a ground floor shop with four self-contained flats and a further unit within a mid terrace building arranged over lower ground and four upper floors. Three of the flats are sold off on long leases.


Current Rent Reserved £4,770 per annum

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
Shop (A1 use) Ground Shop Area & Rear Room Let to The Beauty Within at a rent of £4,620 per annum for a term of 12 months commencing November 2014. £4,620
Flat 1 Half Landing Studio Flat Vacant N/A
Flat 2 First Floor One Bedroom Flat Sold off on a 125 year lease from 20th December 2007 £50
Flat 3 Second Floor One Bedroom Flat Sold off on a 125 year lease from 20th December 2007 £50
Flat 4 Third Floor One Bedroom Flat Sold off on a 125 year lease from 20th December 2007 £50
Unit Ground/Basement Room Vacant N/A

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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