Retail property (high street)
Features and description
- Three storey property
- Ground floor retail unit
- Freehold title
- Flats above
- Central location
- Tenanted investment
We are pleased to offer for sale by auction this three storey property. The property briefly comprises of 4 rooms to the basement with a main sales area to the ground floor. The first floor comprises of a lounge and kitchen/diner with a lounge and kitchen/diner to the second floor. On the final floor is a bedroom. The subject property is well located along Guildhall Street, Folkestone. The property is located within Folkestone Town Centre with easy access to local amenities and transport links.
Please note we have not inspected this property.
Rooms
Location
The subject property is well located along Guildhall Street, Folkestone. The property is located within Folkestone Town Centre with easy access to local amenities and transport links. The closest bus stop is a short walk away as well as Folkestone Central being a 10 minutes walk. The subject property is 28 miles east of Margate and 64 miles west of Eastbourne.
Accommodation
BASEMENT:
Kitchen - 2.36m x 3.16m
Treatment room
Store room
Store room
Shower room
GROUND FLOOR:
Main retail area
Utility area
Shower room
FIRST FLOOR:
Lounge
Kitchen/diner
Shower room
SECOND FLOOR:
Kitchen/diner
Lounge
Shower room
THRID FLOOR:
Bedroom
Tenure
Freehold. Title number TT3379.
Rateable Value
The adopted rateable value is £7,200 as of 1st April 2017.
Sourced from VOA.
Lease Details
We are advised the property is let on a verbal agreement at £1,500PCM. Achieving an annual income of approx. £18,000.
EPC
Available upon request (Commercial rating E and residential rating G).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between £2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on The Auctioneers website.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.
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