FacebookLinkedInYouTubeInstagram
    Auction House London
    Lot 24
    Mixed Use
    54 High Street & 2 North Street
    Ashford, Kent, TN24 8TE
    Sold for £620,000.
     
    All
    Number 1
    A Substantial Corner Building Comprising Three Ground Floor Shops with Ancillary Space Above. Offered With Planning Permission to be Converted into Six Self-Contained Flats with Three Commercial Units on the Ground Floor. Two Separate Lease Agreements have been Signed for Two of the Shops at Rents of £17,500 Per Annum and £19,500 Per Annum (Subject to Planning Planning Permission).
    6 Week Completion Available

    Description

    The property comprises an end of terrace corner building comprising three ground floor commercial units with ancillary space on first and second floor levels.

    Tenure

    Freehold

    Location

    The property is situated on an established parade close to local shops and amenities. Nearby multiples include Barclays, Ladbrokes and Boots Pharmacy. The open spaces of Victoria Park are within easy reach. Transport links are provided by Ashford International rail station.

    Planning

    Ashford Borough Council granted the following planning permission (ref: 19/00224/AS) on 19th November 2019 : 'Internal and external alterations to the building to include new windows at first floor level and new ground floor doors, to facilitate the change of use of first and second floors from ancillary retail to residential and conversion into 6 self-contained flats; and, sub-division of ground floor into 3 separate units'.

    Proposed Accommodation

    Ground Floor
    Three Commercial Units

    First Floor
    3 x Two Bedroom Flats
    1 x Three Bedroom Flat

    Second Floor
    2 x One Bedroom Flat

    Tenancy

    We have been advised by the vendor that the total ERV once the building has been converted will be £104,900 Per Annum

    Addendum

    Amended Guide Price: £600,000+

    Accommodation and Tenancy Schedule

    Property Floor Accommodation Lessee Lease Terms Current Annual Rent
    54 High Street Ground Shop (1,095 Sq Ft) Vacant Vacant Vacant
    2A North Street Ground Shop (1,083 Sq Ft) Individual 10 Year Lease agreement (STPP) (Deposit of £7,600) £19,000 (STPP
    2B North Street Ground Shop (1,030 Sq Ft) Individual Agreement for 20 Year Lease (STPP) £17,500 (STPP)
    Flats 1- 6 Ground & First One & Two Bedroom Flats Vacant Vacant ERV: £68,400
    Enquire
    Finance Available
    Stamp Duty Calc
    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
    Share this lot

    Additional Fees and Disclaimer

    Administration charge: £1,500 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.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

    Contact Our Property Experts